Cannot Have ‘Intolerable Growth Sacrifice’ To Tame Inflation: RBI Member

No ‘intolerable growth sacrifice’ to tame inflation abruptly: MPC member Jayanth Varma

Reserve Bank of India Monetary Policy Committee (MPC) member Jayanth Varma said there should not be ‘intolerable growth sacrifice’ to tame inflation abruptly.

Inflation will be brought down to the target level in the medium term, and India’s growth prospects are ‘reasonable,’ he added.