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Structural reforms, fiscal measures need to be continued to boost growth: RBI Governor
Jan-27-2020

In order to provide a durable push to demand and boost growth, the Reserve bank of India (RBI) Governor Shaktikanta Das has said that structural reforms and fiscal measures may have to be continued and further activated.

Das further said that the RBI constantly updates its assessment of the economy based on incoming data and survey-based information juxtaposed with model-based estimates for policy formulation. He also added that this approach helped the RBI to use the policy space opened up by the expected moderation in inflation and act early, recognizing the imminent slow down before it was confirmed by data subsequently.

Besides, RBI Governor said that the government is also focusing on infrastructure spending which will augment the growth potential of the economy. As per the Das, states should also play an important role by enhancing capital expenditure which has a high multiplier effect.

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