Barclays has called on the Reserve Bank of India to consider a reduction in interest rates during its upcoming monetary policy meeting in October. This recommendation is driven by the current economic landscape, which is characterized by a slowdown in global growth. The financial institution emphasizes that lowering rates could provide significant support to India's economic recovery efforts.

As international markets face various challenges, Barclays believes that proactive measures from the central bank could bolster domestic demand and supply conditions. A decrease in interest rates may enhance credit availability, encouraging investment and consumer spending, which are vital for revitalizing India's economy in this turbulent global environment.