Risk of global hard landing, but India differently placed: Shaktikanta Das

The concerted tightening of monetary policy by global central banks looking to tame inflation has progressively raised the risk of a hard landing or a recession, but India is placed differently, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

Das was speaking at the Annual Research Conference of the Department of Economic and Policy Research of the RBI in Hyderabad on Saturday.

Das had said earlier this year that the RBI was striving to ensure a ‘soft landing’ for the Indian economy while bringing domestic inflation back to the central bank’s 4 per cent target over a period of