Economics

India Finance Chief Says Growth Supported Amid Inflation Fight

Spending fosters economy while central bank focuses on prices
RBI not acting too slow as it seeks a ‘careful balancing’

Indian Finance Minister Nirmala Sitharaman says “we’re looking very sound. The recovery seems to be sustainable.” She speaks on “Balance of Power.”Source: Bloomberg

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By Ruchi Bhatia, Chris Anstey, and Simon Kennedy

April 24, 2022 at 9:00 PM UTC

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India’s economic growth will continue being supported by fiscal spending while the central bank begins a pivot toward fighting inflation, according to Finance Minister Nirmala Sitharaman.