During a policy conference in Mumbai, RBI Governor Shaktikanta Das emphasized the importance of growth for the Global South.
He stated that growth should not compromise price stability and highlighted the need for increased investment in physical and social infrastructure, as well as the adoption of technology and innovation, to drive higher growth in these nations.
Das also noted the crucial role of institutional reforms and supportive public policies, including effective monetary policies, in balancing growth with inflation.
These remarks were made as central banks from the Global South gathered to discuss strategies for sustainable economic development.