Poonam Gupta

RBI Deputy Governor Poonam Gupta explains central bank's approach to managing growth and inflation amid global uncertainties

Reserve Bank of India Deputy Governor Poonam Gupta outlines the central bank's strategy to navigate global economic hurdles and geopolitical conflicts, including the West Asia conflict. Gupta expresses cautious optimism about India's growth prospects, noting that positive surprises may follow initial negative shocks. The RBI plans to 'watch and wait' on inflation, which is projected above target but within band, while monitoring for second-round effects. The central bank believes the inflation targeting framework, now a decade old in India, has provided flexibility to respond to external shocks while maintaining credibility.