Holding back hikes saved economy: RBI governor Shaktikanta Das

Reserve Bank of India (RBI) governor Shaktikanta Das has said that pursuing a 4% inflation target during the pandemic would have been disastrous for the economy, and it would have taken India years to come out of the damage. Das said the decision to tolerate inflation up to 6% was a conscious one and done keeping in mind the legal mandate on the RBI to ensure growth.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/igZM9Qa