Decent growth expected in FY23, says MPC member Jayanth R Varma

"I believe that monetary policy should be conscious of this risk, and that we should stand ready to prevent such an outcome," he said

Eminent economist Jayanth R Varma on Sunday expressed hope that in a few quarters from now, capital investment would begin to pick up even in the old economy, and said the next fiscal year is also expected to witness a decent growth.

Varma, who is also a member of the Monetary Policy Committee (MPC) of the Reserve Bank, in an interview to PTI said that inflation is a matter of concern, but as of now it is the persistence of inflation rather than its level that is a matter of concern.

"I am quite optimistic about the Indian economy and its growth