Days ahead of the budget, RBI governor Shaktikanta Das on Friday said monetary policy had its limitation and structural reforms along with fiscal measures needed to be taken to push growth. Das said there were certain potential growth drivers which through backward and forward linkages could give a significant push to growth. Das said the government was focusing on infrastructure spending which will augment growth potential of the economy. He said the relative emphasis on inflation and growth depends on the macroeconomic scenario, inflation and growth outlook, and signals emerging from incoming data. Admitting that correctly assessing the current economic situation and thus formulating the necessary monetary policy is a challenge , he said this is why monetary policy around the world was in a state of flux today.

Source: The Telegraph January 24, 2020 19:40 UTC