rbi to enhance the liquidity in the system and support demand in the economy assocham said at this juncture the full transmission of the earlier policy rate cuts by the banking sector in terms of reduced lending rates would be crucial to boost liquidity induce demand and industrial growth in the country going ahead we look forward to the continued softer stance of monetary policy to help revive demand enhance sentiment for investments and expanding production capacities said d k aggarwal president phd chamber of commerce and industry the reserve bank has also cut the economic growth projection to 5 per cent for the current fiscal from 61 per cent earlier on the back of weak domestic and external demand with the growth projection for the current year being revised down both government and the central bank should initiate some stronger measures to break the logjam particularly in the stressed sectors of the economy somany said there has been some active consultation between industry and government and we expect that between now and the next union budget some of the additional measures suggested by the industry will be implemented he added goenka said the economy needs a major demand push which can be greatly generated by much higher credit growth which remains dismal besides a coordinated approach with the government to prim up the gdp growth as underscored by rbi governor das is equally appreciable he noted kpm abm