The Indian central bank’s objective of aligning inflation with its 4% target on a durable basis is far from assured and a failure to do so could risk economic growth, the bank said in its latest bulletin published on Wednesday.
“On a real-time basis, inflation is hurting discretionary consumer spending and this, in turn, is holding back topline growth of manufacturing companies as well as their capex,” the Reserve Bank of India (RBI) said in its ‘State of the Economy’ article.
Read More : Indian Central Bank Expresses Uncertainty in Aligning Inflation with 4% Target