 "Shaktikanta Das")
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the central bank has been targeting a soft landing for the economy, at a time when soaring inflationary pressure has necessitated domestic monetary tightening.
“We are targeting a soft landing,” Das said at a media event on Friday.
He countered arguments that the central bank should have acted early to tackle the price rise and that it was behind the curve. Das said that acting early by raising rates could have been counterproductive for growth as the economy was reeling from the pandemic.
