February 21, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das with Deputy Governors Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao and T. Rabi Shankar (Photo: PTI)

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India, unsurprisingly, kept the policy repo rate and stance unchanged in the first meeting this calendar year. The rationale for maintaining the status quo is clear. The MPC intends to bring the consumer price index-based inflation rate closer to the legally mandated target of 4 per cent on a durable basis. Read here


In other views

We need to fix the fundamentals that determine the costs of doing business, not rely on temporary fixes, to make India an advanced economy by 2047, writes economist Ajay Chhibber. Read here

By 2050, India will be the most land-scarce major economy in the world but any solution first needs to recognise the unequal deployment of land, writes economist Rathin Roy. Read here


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“Our government, armed with political and policy stability, recognised the need to make tough decisions for the greater economic good.”


 


White paper on the Indian economy released by the Ministry Of Finance

First Published: Feb 09 2024 | 6:30 AM IST