Industry hopeful of RBI rate cut "very soon"; expects over 6.5pc GDP growth in FY26: PHDCCI

PHDCCI anticipates a rate cut by the RBI and projects India's economic growth to exceed 6.5% in the current fiscal year. Ranjeet Mehta highlighted key challenges for MSMEs, including access to affordable finance, technology adoption, and effective market access. The SME Business Activity Index indicates a significant expansion in manufacturing activities.