Stable inflation bedrock for sustained growth: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday emphasized the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks.

Highlighting the collaborative efforts that contributed to India's economic resilience, he said, "Effective fiscal-monetary coordination was at the core of India's success in the face of a series of adverse shocks. From this perspective, macroeconomic stability becomes a shared responsibility of both monetary and fiscal authorities. "

The Governor was speaking at the High-Level Policy Conference of Central Banks from the Global South in Mumbai.

On inflation he said, stable inflation is the bedrock for sustained growth as it enhances the purchasing power of the people and provides a stable environment for investment.