Mumbai: RBI said that India was on the ranking of the economy that grew the fastest in the world, but there were some distance to leave.
According to Deputy Governor Michael Patra, RBI has taken a deception by maintaining an accommodating attitude to support growth even when other central banks tighten, and the approach has served the country well.
“India holds the ground and is among several countries that have maintained accommodating monetary policy, although there is a view that we have fallen behind the curve.
Only time will tell whether India has done it but so far, this approach has served us well and helped Map courses into different future from the world, “said Patra.
He gave the address of the Keynote Over Video at C D Deshmukh Memorial Lecture which was held online by the Social Development Council, Hyderabad.
Patra said that the Governor of RBI Shaktikanta Das had made 13 pandemic statements and the pandemic response was made around the central anchor, “a leitmotive, if you want, it ties everything to be a coherent whole”.
Easy Money Approach to Serve Us Good: RBI
