Tackling Inflation Is RBI’s Top Priority, Trying Not To Hurt Growth, Says Shaktikanta Das

Last Updated: September 02, 2022, 14:26 IST

RBI Governor Shaktikanta Das.

RBI governor says domestic economic activities, including high-frequency indicators, are resilient

Reserve Bank of India Governor Shaktikanta Das on Friday said tackling inflation is the central bank’s top priority and the RBI will try to minimise its impact on growth. He added that global factors are impacting inflation and growth in India.

In an interview with a media company, the RBI governor said the domestic economic activities, including high-frequency indicators, are resilient. He said the central bank is also studying why the GDP growth in April-June 2022 quarter was lower than what the RBI had projected.

India’s GDP rose 13.5 per cent in the June 2022 quarter (Q1FY23). It is the fastest growth in a year, as the country’s GDP had grown at 4.1 per cent in the previous quarter (Q4FY22), 5.4 per cent in the December 2021 quarter of FY22, and 8.4 per cent in September 2021 quarter. However, the Q1FY23 growth fell short of the RBI’s projection of 16.2 per cent.

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