Indian minister urges RBI to focus on growth over food inflation amid economic recovery hopes.

A Cabinet Minister in India has urged the Reserve Bank of India (RBI) to prioritize economic growth over food price inflation, reflecting government concerns about slow growth in consumer goods sales. Despite recent inflation breaching 6%, the RBI projects an economic rebound in the current fiscal year, driven by strong festival activity and increased rural demand, with growth expected to reach 6.8% in the upcoming quarter. However, global risks like geopolitical tensions and public debt could impact these projections.

3 months ago
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