Soft Landing for India Means Fast, If Not Fastest, Growth
- RBI aims for minimal growth sacrifice amid inflation fight
- Fed hawkishness not likely to change RBI’s approach on hikes
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India’s central bank, which last month vowed to do “whatever it takes” to fight inflation, is expected to refocus efforts toward its own version of a soft landing where it tackles price gains while trying to ensure growth remains among the world’s fastest.
Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month after data showed a weaker-than-expected recovery last quarter.