Date of registration
27
May
2022
21:11
MUMBAI: The Reserve Bank of India (RBI) has warned in its annual report that strong structural reforms are essential for sustainable, balanced and inclusive growth.
According to the report, inflation in the country has risen due to rising raw material costs, transport costs and restrictions on supply. The government has recently reduced excise duty on petrol and diesel to curb inflation. It also waived import duties on certain raw materials used in the plastics industry.
In addition, exports and tariffs on iron ore and iron ore have been raised. Thus it has been reported.
We are committed to controlling inflation. At the same time, we need to keep in mind the needs of development. Once the surgery is successfully completed, it should not be left as if the patient is dead.
Shaktikant Das, Governor, Reserve Bank