Time for India\'s Central Bank to Lower Rates\, Modi Adviser Says

Rajiv Kumar, vice chairman of government think-tank NITI Aayog. (Photographer: Pankaj Nangia/Bloomberg News.)

Time for India's Central Bank to Lower Rates, Modi Adviser Says

(Bloomberg) -- India is calling on its central bank to cut interest rates to fire up the economy, after a federal budget announced steps to spur consumption.