Shaktikanta Das seeks to shield growth as RBI prioritises inflation fight

India’s central bank will seek to shield the economy in the face of a global slowdown even as the monetary authority prioritizes taming inflation, according to Governor Shaktikanta Das .

“We are seeing signs of slowdown globally and it will have an impact on India,” Das said in an interview with television channel Zee Business on Friday. “But we will ensure the growth sacrifice is minimal.”

His remarks came after data on Wednesday showed India’s gross domestic product grew less than RBI’s estimate of a 16.2% expansion, and signs that domestic demand will further moderate as borrowing costs rise are