Team Blitz India
NEW DELHI: Reserve Bank Governor Shaktikanta Das has said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency and the war on inflation will continue.
Retail inflation fell to an 18-month low of 4.7 per cent in April, mainly due to cooling food prices.
“Inflation has moderated (and) the last print is 4.7 per cent. Perhaps the next print could be lower,” he said while addressing CII members here on May 24.
The governor, however, emphasised that although inflation has moderated, there is no room for complacency. He said that inflation was looking benign, but the sudden outbreak of the Russia-Ukraine war changed the situation, resulting in a disruption in the global supply chain and firming up global commodity prices.
He also said that the fiscal deficit is on a consolidation path and expressed confidence India could clock a growth of 6.5 per cent during the current financial year.
