Govt will seek more rate cuts if re-elected: Jaitley

Finance Minister Arun Jaitley on Thursday made it clear that the government, if re-elected, would continue with fiscal consolidation and pursue policies to enable further reduction in interest rates.

His remarks came after the central bank cut its benchmark interest rate by 25 basis points today.

Voting in India's general election begins next week, and the result will be known on May 23.

Speaking at an industry event, Jaitley also said the government would look at reducing the goods and services tax on cement.

Prime Minister Narendra Modi is seeking a second term in a general election that will begin next week. Voting will be staggered across the country over several weeks and the result will be known on May 23.