<h1>Monetary Policy Committee Discusses Global Economic Outlook, Indian Growth Challenges, and Inflation Risks; Debates Rate Adjustments.</h1> The Technical Advisory Committee on Monetary Policy met on October 23, 2013, to discuss the global and Indian economic outlook. Members noted global economic improvements but persistent unemployment in advanced economies. Concerns were raised about weakening growth in India, particularly in the industrial and services sectors, with SMEs severely affected. Opinions varied on inflation risks, with some members optimistic due to factors like a good monsoon, while others warned of high consumer price index inflation. External sector risks were considered low, but concerns about the current account deficit (CAD) remained. Members debated monetary policy measures, with differing views on adjusting the repo and MSF rates to address growth and inflation concerns.