MUMBAI, March 21 (Xinhua) -- India's central bank governor on Monday played down fears of stagflation in the country, saying he did not see inflation going over 6 percent during the forthcoming financial year 2022-23 (April-March).
Speaking at the national council meeting of industry body the Confederation of Indian Industry, Governor of the Reserve Bank of India Shaktikanta Das said that there is no prospect of the Indian economy falling into a stagflation vortex and retail inflation is expected to moderate going forward.
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