Best quotes by Urjit Patel on Growth
Checkout quotes by Urjit Patel on Growth
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‟ The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.
- Urjit Patel
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‟ What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time.
- Urjit Patel
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‟ If one sees far, structural changes that come with temporary disruptions can be growth- and efficiency-augmenting in the medium to long term.
- Urjit Patel
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‟ The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must give 'X' weight to inflation and 'Y' weight to growth and form the associated policy.
- Urjit Patel
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‟ Growth is always there in the MPC's scheme of things; we don't lose sight of that, but not at the cost of inflation.
- Urjit Patel
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‟ If very fundamental reforms take place, especially when it comes to factors of production like land, labour, then a higher growth rate is possible.
- Urjit Patel
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‟ Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.
- Urjit Patel