09-08-2022 02:50 PM | Source: Reuters
India central bank official: infrastructure spending can curb supply-side inflation
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An Indian central bank official said on Thursday that a focus on spending on infrastructure would help the country contain long-term, supply-side inflation.
Sitikantha Pattanaik, an executive director at the Reserve Bank of India, was speaking at an event in New Delhi.
Ashima Goyal, a member of India's Monetary Policy Committee, told the event that uneven rainfall in some regions could impact crop output and may not augur well for inflation.
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