20-April-2024
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Shaktikanta Das on slowdown: Monetary policy has limitations; these 2 measures can revive growth
25-Jan-2020

RBI Governor Shaktikanta Das on Friday said that since monetary policy has its limitations, structural and fiscal reforms are needed to boost growth. It comes days after the first advance estimate of the GDP estimated the economy to grow at 48-year-low of 7.5 per cent and real growth at an 11-year low of 5 per cent. “Monetary policy has its own limits. Structural reforms and fiscal measures may have to be continued and further activated to provide a durable push to demand and boost growth,” Das said at an event. There are areas where structural reforms are required if done properly, Shaktikanta Das also said. These can act as possible growth boosters and through backward and forward linkages can give a significant push to growth.

News Source:- https://www.financialexpress.com/economy/shaktikanta-das-on-slowdown-monetary-policy-has-limitations-these-2-measures-can-revive-growth/1834154/