`` The rate cut shows that the attention has now shifted towards stimulating growth , there is no doubt about that , '' said A Prasanna , an economist at ICICI securities . India 's central bank cut key lending rates for the first time in three years . The move was seen as a sign of confidence by investors and traders that India's economy is on track to grow at its fastest pace since late 2014.
India 's central bank cut key lending rates for the first time in three years . The move was seen as a sign of confidence by investors and traders that India's economy is on track to grow at its fastest pace since late 2014.