The central bank is focusing to give impetus to fiscal growth while ensuring that India’s financial system is not exposed to extraordinary shocks. The unchanged repo rate will provide more elbow room to the lenders to increase the credit flow. Today’s announcement by the central bank with an indication towards an accommodative stance has laid out the path to policy unwinding. The pausing of the repo rate is a welcoming step. The policymaker should evaluate the impact of cumulative 250 bps rate hikes in the last financial year, especially MSMEs with retail borrowers before revisiting its aggressive stance on inflation. We hope that the conscious efforts by the policymakers stimulate the growth outlook of all the key sectors.