The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent.

The six-member MPC had kept the repo rate unchanged on December 5 despite moderation in economic growth and easing inflation.

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.

Collections under the GST, which was introduced in July 2017, has remained mostly below the target.

?In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.

FM Nirmala Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1.

Steel sector is becoming more efficient, environment-friendly and globally competitive supported by various government policies.

Last time services activity contracted for two consecutive months was in August 2017 following the GST implementation.

The industry emphasised that it was now critical for banks to facilitate a faster transmission of rate cuts.