Inflation in India is reaching a new record level?...
Inflation in india is reaching a new record level?...
Inflation in india is reaching a new record level in the country and it is a big challenge for the Modi government and the central bank ie RBI. The important thing is that despite the efforts of RBI, RBI is facing difficulties in controlling inflation. RBI governor Shaktikanta Das has now given an answer to control inflation. He has said that the inflation figure for october is expected to be less than 7 percent.Regarding inflation, the RBI governor has said that there is no need to change the inflation target of two to six percent in the country. However, there is a lot of debate on changing it. Shaktikanta Das has said that India's overall micro economic fundamentals remain strong amid global volatility. Both the government and the Reserve bank are dealing effectively with the challenge of inflation.Regarding India's economic growth rate ie GDPShaktikanta Das has said that the domestic economy remains strong and the central bank estimates that India's economic growth will be 7 percent this year. He has also said that the banking sector remains stable. In the current situation, the growth figures are looking good, due to which good signs can be given in the growth rate.The RBI governor has said about the IMF's estimate that india will grow at the rate of about 6.8 percent in the current year. This can make india one of the fastest growing major economies in the world. He said that the whole world has suffered three major shocks of the Covid-19 pandemic, the war in ukraine and now financial market volatility and the remaining effects are also being felt by emerging economies.The economic data coming for the last few months has been giving a jolt to the people, but the RBI hopes that the october data can provide relief at the economic level. Shaktikanta Das has said that the inflation figures for october will be a relief as compared to September. RBI governor said that retail inflation is likely to be less than 7% in October.
Inflation in india is reaching a new record level in the country and it is a big challenge for the Modi government and the central bank ie RBI. The important thing is that despite the efforts of RBI, RBI is facing difficulties in controlling inflation. RBI governor Shaktikanta Das has now given an answer to control inflation. He has said that the inflation figure for october is expected to be less than 7 percent.Regarding inflation, the RBI governor has said that there is no need to change the inflation target of two to six percent in the country. However, there is a lot of debate on changing it. Shaktikanta Das has said that India's overall micro economic fundamentals remain strong amid global volatility. Both the government and the Reserve bank are dealing effectively with the challenge of inflation.Regarding India's economic growth rate ie GDPShaktikanta Das has said that the domestic economy remains strong and the central bank estimates that India's economic growth will be 7 percent this year. He has also said that the banking sector remains stable. In the current situation, the growth figures are looking good, due to which good signs can be given in the growth rate.The RBI governor has said about the IMF's estimate that india will grow at the rate of about 6.8 percent in the current year. This can make india one of the fastest growing major economies in the world. He said that the whole world has suffered three major shocks of the Covid-19 pandemic, the war in ukraine and now financial market volatility and the remaining effects are also being felt by emerging economies.The economic data coming for the last few months has been giving a jolt to the people, but the RBI hopes that the october data can provide relief at the economic level. Shaktikanta Das has said that the inflation figures for october will be a relief as compared to September. RBI governor said that retail inflation is likely to be less than 7% in October.