RBI Governor underlines need for more structural reforms to revive growth

Shaktikanta Das also listed out some of the priority areas where structural reforms are necessary

With just a week left for the budget, Reserve Bank Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth, saying monetary policy has its own limitations to achieve these objectives.

The Narendra Modi government in its second term will present the first full budget next Saturday, at a time when the advance estimate of GDP has projected nominal growth plunging to a 48-year-low of 7.5 per cent and real growth hitting an 11-year low of 5 per cent or thereabout.

"Monetary policy has its own limits. Structural reforms and fiscal