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Shaktikanta Das Calls India a 'Safe Anchor,' Endorses Flexible Inflation Targeting Through 2031

The speech framed India as a stable growth anchor due to calibrated policy choices.

Overview

  • Shaktikanta Das, speaking Thursday at AIMA’s National Leadership Conclave in New Delhi, said India offers stability and long‑term growth even as global risks stay tilted to the downside.
  • He reported real GDP growth of 7.6% in FY26 and a five‑year average of 7.8%, pointing to strong household spending and steady investment as key drivers.
  • Das outlined ten pillars behind the expansion, highlighting macro stability, consistent policy, large infrastructure builds, digital public goods, fiscal discipline, stronger banks, a young workforce, and strategic autonomy.
  • He reaffirmed the Reserve Bank’s inflation‑targeting framework through 2031, saying flexible rate moves help support growth in slowdowns and curb prices when inflation rises.
  • For companies, he urged resilience through stronger balance sheets, wider supply chains, worker re‑skilling, and new export markets, which could protect jobs and reduce shocks from geopolitics and shipping delays.