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Gradual easing: RBI cites risk of rise in food prices
![IndiaTimes]()
Wednesday, 20 December 2023
The RBI's State of the Economy report warns that the long-term visibility of the 4% inflation goal does not imply scope for gradual easing as short-term risks of spikes in food prices need to be considered. The report predicts a decline in inflation to 4.6% in the first three-quarters of FY25, supported by lower input costs and increased corporate profits. It underscores inflation as a key risk to growth. The report also addresses the scepticism surrounding the GDP growth of 7.7% in the first half of the fiscal year.
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Wednesday, 20 December 2023
