NEW DELHI (Reuters) – 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.
(Reporting by Aftab Ahmed; Writing by Krishna N. Das; Editing by Peter Graff)
