In His Own Tweets: What RBI’s Governor Shaktikanta Das Thinks
(Bloomberg) -- India's new central bank governor Shaktikanta Das is an active user of Twitter, a sharp contrast to the outgoing chief Urjit Patel who was publicity shy and rarely gave interviews.
For a glimpse of his views on key economic themes, here's a selection of tweets from Das in the past few months. His Twitter handle is @DasShaktikanta
On Budget Gaps (Sept. 16)
Strong commitment to fiscal deficit target will have positive impact on bond yields,inflation and currency value. Need further measures for boosting exports,liberalisation of FDI,adjustment or refund of GST credit accumulation,etc.
September 16, 2018The tweet landed when India was being buffeted by rising oil prices and the rupee was dropping amid worries about a widening trade deficit and concerns about budget targets.
On Macro Economy (Sept. 13)
India's macro economic numbers are its biggest insurance against global uncertainties. These numbers need to be further strengthened. Deficit and debt targets should continue to be main focus.
September 13, 2018On Banking (Sept. 16)
With current macro economic numbers, no need for offshore NRI bonds etc. RBI's reserves are still around US$ 400 bn. Focus should continue on steadying the banking sector.
September 16, 2018On Global Headwinds (Oct. 15)
Emerging economies need to be prepared for prolonged global headwinds, emanating from US Fed rate hikes,intensifying trade conflicts,volatile oil prices and sanctions. Fiscal policies should remain prudent and monetary policies in sync with the curve.
October 15, 2018On Central Banks (Oct. 18)
Central Banks across countries have a very critical role at the current juncture. The challenge is to try and read the situation and take decisive steps in pursuit of their multiple responsibilities.
October 18, 2018On India's Competitiveness (Oct. 31)
Huge improvement in India's global ranking in Ease of Doing Business report of the World Bank. This will enhance competitiveness of Indian economy and generate higher investments,both domestic and foreign.
October 31, 2018©2018 Bloomberg L.P.
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