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India Rate-Panel Member Sees Continued Growth Despite Hikes: PTI

Commuters exit the Chhatrapati Shivaji Maharaj Terminus in Mumbai.

Commuters exit the Chhatrapati Shivaji Maharaj Terminus in Mumbai.

Photographer: Dhiraj Singh/Bloomberg

India’s economy will sustain its growth, shrugging off concerns about the impact of increased interest rates and global shocks, Press Trust of India reported, citing a member of the Reserve Bank of India’s Monetary Policy Committee.

“Inflation expectations have fallen,” committee member Ashima Goyal said, according to PTI. “The attempt will be to further slowly guide them towards the target in a soft landing, even as a robust growth recovery takes hold.”