Mumbai: The Reserve Bank of India (RBI) might just turn on the growth booster in its December meeting! Lots of economists are waving red flags about high policy rates and urging the RBI to cut them soon. Why? Because consumer inflation has plunged to a record low, and this opens a golden chance to boost the economy. During lively two-day discussions that wrapped up Wednesday, experts strongly recommended lowering the repo rate. Why? To help India’s second-largest economy grow faster in the coming months—without making inflation spike. Expectations are buzzing! India’s GDP growth is forecasted to hit an exciting 6.8% to 7% this year, while inflation stays cool around 1.8% to 2%. Even next fiscal year, growth is predicted at a healthy 6.5% to 7%, with inflation gently nudging 3.5% to 4%. Deputy Governor Poonam Gupta and executive director Indranil Bhattacharyya, who look after monetary policy, attended these key meetings. Soumya Kanti Ghosh, SBI Group’s chief economic adviser, made a strong case: "Missed easing cycles have a more damaging impact than easing early... a cut now would minimize expected loss," he said in a report. But wait, SBI chairman CS Setty noted that their view didn’t expect any cut until March. Yet, the jaw-dropping retail inflation at just 0.25% in October, helped by falling food prices and GST tweaks, has economists pushing hard for a December cut. One insider said, "A rate cut will push growth higher from where it is now, without having a major impact on inflation. We are expecting a cut because of very low inflation and conveyed this in the meeting." There is, however, a twist. The mix of low inflation and booming growth, plus a pending uncertain trade deal between India and the US, makes RBI’s decision tougher. An anonymous economist added, "The mix of inflation undershoot, and growth overshoot complicates the case for a cut in December. Plus, there is a pending trade deal." So, will RBI take the plunge? If it cuts rates now, growth could get a fresh push without letting inflation creep up dangerously. Watch this space for a high-stakes move that could reshape India’s economic future!