RBI Surprises with an Early Interest Rate Cut

India’s central bank cuts interest rate as inflationary pressures ease:

http://www.forbes.com/sites/kenrapoza/2015/01/15/investors-hop-on-india-after-rajan-cuts-rates/

http://in.reuters.com/subjects/rbi-policy-review

http://www.economist.com/news/finance-and-economics/21639584-central-bank-cuts-interest-rates-first-time-two-years-cycle

Meanwhile, India’s growth rate is projected to overtake that of China’s around 2017:

http://blogs.wsj.com/indiarealtime/2015/01/14/world-bank-india-set-to-become-worlds-fastest-growing-big-economy/