FILE PHOTO: The Reserve Bank of India Governor Shaktikanta Das arrives to attend a news conference after a monetary policy review in Mumbai, India, February 7, 2019. REUTERS/Francis Mascarenhasnewspaper that he does not think there will be stagflation and that the consumer inflation should moderate.
“I do not agree that we are likely to face a situation of stagflation,” Das told the newspaper in an interview published on Monday. “I am of the view that consumer inflation, going forward, should moderate.”“The government will announce more growth-supporting measures,” he said. “But whatever fiscal expansion they undertake will be very calibrated and very prudent in its approach.”
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