Growth picture more important than inflation right now: RBI Dy Guv Patra tells economists

Growth picture more important than inflation right now: RBI Dy Guv Patra tells economists

NEW DELHI: Reserve Bank of India Deputy Governor Michael Patra met economists earlier this week and said that concerns over growth take priority over inflation worries at the present juncture.

“The DG was very clear that growth is the larger picture at the moment, inflation is led by supply factors and the central bank cannot abruptly react to that,” a source present at the meeting said.

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