Growth Remains Priority for Both Govt. RBI: FM

Finance Minister Nirmala Sitharaman said the economy hasn’t recovered to the extent that the central bank can begin tightening liquidity in the system. Both the government and the Reserve Bank of India (RBI) will continue to priorities growth, she said.

The government was ready to do everything to revive and support the economy, she said, urging India Inc. to take more risks.

“They (RBI) have not given any indication about wanting to suck out the liquidity that is available there,” she told the Confederation of Indian Industry (CII) annual session on Thursday.

The government and the RBI were working as partners to bolster the economy, now and during the pandemic, she said. “RBI and its monetary policy have been keeping the momentum in the right direction, and the fiscal side of things has been taken care of by the finance ministry. The coordination continues,” she said.

The finance minister said there was no growth-versus inflation conflict.

“I don’t see the debate (between growth and inflation) as this and that. Growth will be a priority… Growth will be pushed both by us and RBI,” she said at the virtual event. S-ET

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