RBI decision to cut repo rates will boost economy, says FM JaitleyFinance Minister Arun Jaitley today said the Government will reassess its GDP forecast following RBI’s assessment of growth forecast to 7.4 percent for the present fiscal.

Chief Economic Adviser Arvind Subramanian said the reassessment would be done after second quarter results. The RBI has decreased its economic growth forecast for the present fiscal to 7.4 percent from 7.6 percent.