Eco resurgence remains sustained, RBI controls inflation: Governor

Shaktikanta Das says the economy is back on track and inflation is projected to remain higher than the upper tolerance level until December . Das says the central bank gives consumers and businesses confidence when it emphasizes its focus on inflation .

Mumbai: The economic recovery is steady and is gaining traction, and RBI is on target to reduce inflation and inflationary expectations, according to Governor Shaktikanta Das.GDP has exceeded 2019-20 goals, and many of the high-frequency indicators we monitor are showing steady increase from April 2022.In an interview, Das said that the economy is back on track and that retail inflation is projected to remain higher than the upper tolerance level until December and then decline to less than 6% as per current estimates of the central bank.According to Das, the central bank gives consumers and businesses confidence and a direct message when it emphasizes its focus on inflation and takes steps in that direction.