RBI is playing ball by ball; this is the best macro set up we have seen in many years: Shaktikanta Das
Shaktikanta Das, Governor, the Reserve Bank of India, says «given the uncertainties that we have, including weather-related events, we would like inflation to durably be around 4%. It cannot be just a one-off number or one-month number touching 4% which will give us satisfaction. It has to be sustainable and durable at around 4%. That will give us greater confidence, but the direction is very clear. Inflation is on a downward trajectory.
Ever since you took over as the Governor of Reserve Bank of India, December 2018, is this the best macro and the economy set up we have seen?
Shaktikanta Das: Yes, in a long time, not just in the last five years. Of course, in the last five years, we have seen several turbulent moments initially coming from the collapse of the IL&FS, followed by the COVID and many other external developments. So, we have gone through a very turbulent period.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitBut in quite a while, over a period of time, over a period of years, the confluence of factors that we have today is perhaps one of the best. Look at the GDP, you mentioned about GDP, you look at the fiscal consolidation which of course is on the fiscal side; look at current account deficit, look at inflation, and you look at the fact that inflation has been brought under some kind of a control
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