Lower inflation will enhance households' disposable income and increase their purchasing power and this approach would support consumption and investment demand, Das said.
"The policy priority at this critical juncture has to be on restoring the inflation growth balance," said Das while voting for a status quo on the short-term lending rate earlier this month. "The biggest support for higher growth would come from price stability," he said.
This story is from the December 21, 2024 edition of Financial Express Bengaluru.
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This story is from the December 21, 2024 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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