RBI calls for supply-side reforms to ease shortages
The Free Press Journal|October 20, 2021
The Indian economy had crossed a turning point in Aug-Sept, said the central bank

Calling for greater emphasis on supply-side reforms, Reserve Bank of India staff have said the sole focus globally on normalisation of monetary policy should ease.

"Perhaps the need of the hour is not to focus so sin glemindedly on normalisation but on supply side reforms to ease the bottlenecks and disruptions, labour shortages and high commodity prices, especially of crude," RBI staff said in the monthly State of the Economy' paper, released late Monday.

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