With just a week left for the budget, Reserve Bank of India Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth, saying monetary policy has its own limitations to achieve these objectives.Prime Minister Narendra Modi government in its second term will present the first full year budget next Saturday, at a time when the advance estimate of GDP has projected nominal growth plunging to a 48-year-low of 7.5 per cent and real growth hitting an 11-year low of 5 per cent or thereabout.”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,” Mr Das told the students of St Stephen’s College, Delhi, his alma mater.
Shaktikanta Das Calls For More Structural Reforms To Revive Growth Ahead Of Budget
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