Ashima Goyal, a member of the RBI Monetary Policy Committee, predicts that the problem of high food inflation in India will be less severe in the future due to modern supply chains and diversified sources. She emphasizes the importance of increasing agricultural productivity to ensure stable agricultural prices for non-inflationary growth. Goyal highlights the role of flexible inflation targeting in anchoring expectations and advocates for policy adjustments to support rising agricultural productivity. She discusses India’s macroeconomic situation, noting sustainable and inclusive growth trends and the need for policy continuity to maintain resilience and diversity in the face of global challenges.
RBI MPC Member Foresees Mitigated Food Inflation in India, Stresses Policy Focus on Agricultural Productivity
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