Economy

Growth slowdown in India not entirely attributable to global factors: Shaktikanta Das

Updated : December 16, 2019 11:37 AM IST

RBI Governor Shaktikanta Das growth slowdown in the country was not entirely attributable to global factors.

Shaktikanta Das said that coordinated and timely actions were needed by all advanced and emerging economies to address global economic slowdown.

The RBI Governor said that there was a need for informed, objective discussion on the economy.

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that it will do everything necessary to address growth slowdown, spike in inflation, health of banks and non-banking financial companies (NBFCs).

The RBI Governor said that it had seen momentum of growth slowdown in the Indian economy and acted ahead of time by reducing rates from February, adding that growth slowdown in the country was not entirely attributable to global factors.

He said that coordinated and timely actions were needed by all advanced and emerging economies to address global economic slowdown. “Hope the China-US understanding on trade will hold and will be sustainable,” said Das.

The RBI Governor said that there was a need for informed, objective discussion on the economy.

(With inputs from PTI)

Growth slowdown in India not entirely attributable to global factors: Shaktikanta Das

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