· Shaktikanta Das Wiki · Reserve Bank of India WikiEmerging India - a land of stability and opportunities
Read full speech on bis.org ↗ContextKeynote speech by Shaktikanta Das, Governor of the Reserve Bank of India, at the Symposium on Indian Economy 2023, organised by the Institute of Indian Economic Studies, Tokyo Chamber of Commerce and Industry, Tokyo, 9 November 2023.
Why it mattersDas warns against overreacting to temporary food price shocks.
Problems raised
- Repeated food price shocks keep headline inflation volatile.
- Tightening in response to supply shocks can hurt growth.
- The global environment is uncertain.
Solutions proposed
- Avoid overreacting to temporary supply shocks.
- Keep inflation expectations anchored.
- Strengthen India's macroeconomic stability to attract investment.