RBI Governor Shaktikanta Das Calls High Inflation A Hidden Tax
· Business · NDTV, Economic Times, Bloomberg
RBI Governor Shaktikanta Das described high inflation as a tax on everyone during his address at the NDTV World Summit. He reiterated that the central bank remains committed to its mandate of maintaining inflation at 4 per cent. The government has set a target for the RBI to keep inflation within a 2 per cent margin on either side of this 4 per cent goal. The Governor's remarks underscore the central bank's focus on price stability as a priority for the Indian economy.
Why it matters
Inflation directly reduces the purchasing power of Indian consumers, affecting household budgets and the overall cost of living across the country.
Read the original report — NDTV
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.