“Inflation in India is in reasonably good shape right now, compared to the rest of the world,” says Diamond, who won this year’s Nobel Memorial Prize in Economics.
In light of the Covid-19 crisis, Axis Bank chief economist Saugata Bhattacharya believes the central bank has done more than the stakeholders asked for.
The Monetary Policy Committee meeting minutes reveal that its members were bogged down by rising inflation and slowing growth, which could mean status quo going forward.
