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India at an inflection point - some thoughts

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability

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· Shaktikanta Das Wiki · Reserve Bank of India WikiIndia at an inflection point - some thoughts

ContextInaugural address by Shaktikanta Das, Governor of the Reserve Bank of India, at the Annual Financial Institution Benchmarking and Calibration (FIBAC) 2024 Conference, organised jointly by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Banks' Association (IBA), Mumbai, 5 September 2024.

Why it mattersIndia's governor stresses finishing the last mile of disinflation.

Problems raised
  1. The last mile of disinflation is hard.
  2. The inflation framework's credibility is at stake.
  3. India is at an inflection point.
Solutions proposed
  1. Complete disinflation.
  2. Preserve flexible inflation targeting.
  3. Keep banks and industry resilient.
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