Will RBI action be heplful or harmful?

RBI has cut down the Repo Rate by 25 basis point but, the question remains the same whether the cut will improve the conditions or will not make any difference or make adverse impact. The Macro Report tempers hopes by citing low business & consumer confidence. The Business Expectation Index as under: 1. Consumer confidence declining as policy actions yet to show. 2. Business Optimism continues to be low. 3. Fiscal deficit and current account deficit still a worry. 4. RBI expects inflation to remain above comfort zone. India's strong dependence on external and short-term debts for financing CAD remains a key concern.