Indian corporates and industries today said, the Reserve Bank's move to decrease the rate by 0.50 per cent is "pro-growth" and encourage the banks to transmit the decrease of interest rate to borrowers to rejuvenate the demand and investment cycle. CII Director General Chandrajit Banerjee said that Industry is happy that the RBI has recognised the issues in the economic activity and the need for decrease in borrowing rates. Yes Bank MD and CEO, Rana Kapoor, said that the decrease in policy rate will help to reinforce the structural policy reforms of the government, allowing an investment-led job-creating rejuvenation in the consumption demand.