Shaktikanta Das: Disinflation process likely to be slow, but economy remains among fastest growing in 2023
RBI Governor Shaktikanta Das has said that India's disinflation process is likely to be slow and protracted, despite CPI inflation reaching a two-year low of 4.25%. He believes India will remain among the fastest growing large economies in 2023.
A day after India's CPI inflation touched over 2-year low of 4.25%, RBI governor Shaktikanta Das on Tuesday said, the disinflation process is likely to be low. He reteriated that the latest two pauses in repo rate is not pivotal and not a definitive change in policy direction. However, in all likelihood, he sees India to remain remain among the fastest growing large economies in 2023.