Expanding supply capacity will contain inflation, says S&P

S&P Global Ratings on Wednesday said supply capacity in India is continuing to expand pretty quickly, which will help contain inflationary pressure. S&P Senior Economist Asia Pacific Vishrut Rana said the central bank’s monetary policy and inflation target remains credible...

PTI

New Delhi, Updated At : 07:41 AM Nov 14, 2024 IST

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S&P Global Ratings on Wednesday said supply capacity in India is continuing to expand pretty quickly, which will help contain inflationary pressure.

S&P Senior Economist Asia Pacific Vishrut Rana said the central bank’s monetary policy and inflation target remains credible and the RBI should be able to anchor inflationary expectations. India’s retail inflation soared to a 14-month high of 6.21% in October — above the tolerance band of RBI, which is mandated by the government to contain it at 4 per cent (+/- 2%)