Business Standard

RBI's expected soft landing for India means fast, if not fastest, growth

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month

Indian economy
Premium

Gross domestic product expansion of 13.5% in the April-June period was below the RBI’s 16.2% estimate, a red flag for policy makers who have been consistent in their messaging about the need to preserve growth.

Anup Roy and Michelle Jamrisko | Bloomberg
India’s central bank, which last month vowed to do “whatever it takes” to fight inflation, is expected to refocus efforts toward its own version of a soft landing where it tackles price gains while trying to ensure growth remains among the world’s fastest.

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month after data showed a weaker-than-expected recovery last quarter. 

Gross domestic product expansion of 13.5% in the April-June period was below the RBI’s 16.2% estimate, a red flag for policy makers who

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in