India’s Reserve Bank of India (RBI) Governor, Shaktikanta Das, cautioned that while global central banks have skillfully guided economies through recent shocks, risks of inflation re-emerging and economic growth slowing remain prevalent. Speaking at CNBC-TV18’s Global Leadership Summit, Das highlighted persistent global headwinds, including geopolitical tensions, commodity price volatility, and climate change, which could impact economic stability.
Das noted contradictions in global markets, such as the U.S. dollar’s appreciation amidst interest rate cuts, signaling uncertainty. Meanwhile, government bond yields continue to rise, influenced by a blend of domestic and global factors beyond policy adjustments alone. Das stressed the resilience of India’s economy despite global pressures, forecasting moderate inflation ahead.
Separately, India’s Union Minister of Commerce, Piyush Goyal, urged the RBI to consider easing monetary policy to further stimulate India’s economic growth.
