Growth can't come at the cost of price stability: RBI Governor

Amid calls from central ministers for rate cut ahead of the next policy announcement on December 6, Reserve Bank governor Shaktikanta Das on Thursday said growth is a fundamental necessity for the Global South, but it can't come at the cost of price stability, indicating that it's too early for an easing cycle.

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Addressing a conference of central banks from the Global South in Mumbai Thursday, Das speaking on 'Balancing inflation and growth: The cardinal principle of monetary policy', said to achieve higher growth, the countries in the Global South need to step up investment in physical and social infrastructure, leverage techn