RBI Guv calls for structural reforms and fiscal measures to boost growth

The RBI cut rates by 135 basis points last year even as growth fell to a 10-year low in the second half of the fiscal year.

The Reserve Bank of India (RBI) has been focusing both on inflation and growth, but the macroeconomic situation plays a part in determining which one gets the priority, Governor Shaktikanta Das said on Friday.

“The relative emphasis on inflation and growth depends on the macroeconomic scenario, inflation and growth outlook, and signals emerging from incoming data,” Das said in a speech at his alma mater St Stephen’s College in New Delhi.

While the RBI has traditionally been concerned about inflation, and has now an expressed target to contain consumer price index (CPI) inflation between 2 per cent and 6 per cent, Das