Poging GOUD - Vrij
High prices crimping demand, growth, MPC minutes show
Mint Ahmedabad
|December 21, 2024
High prices are the cause for demand slowdown in India, and aligning inflation to the central bank's 4% target is key to ensuring sustained economic growth, members of the rate-setting panel said in the minutes of the December meeting.
"The policy priority at this critical juncture has to be on restoring the inflation-growth balance," Reserve Bank of India (RBI) governor Shaktikanta Das said in the minutes of his last monetary policy committee (MPC) meeting released on Friday.
Lower inflation will enhance households' disposable income and increase their purchasing power, and this approach would support consumption and investment demand, Das said.
Dit verhaal komt uit de December 21, 2024-editie van Mint Ahmedabad.
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