Low Inflation Helping India’s Economic Growth, Modi Adviser Says

The Indian economy is resilient and expected to be the world’s fastest-growing, buoyed by low inflation and underpinned by financial stability, according to a key adviser to Prime Minister Narendra Modi.

The country will continue to face headwinds, Shaktikanta Das, the adviser who was earlier Reserve Bank of India governor said at a New Delhi event on Friday. Multilateralism is under severe strain, as global trade growth slows and critical sectors such as semiconductors are increasingly used as tools of influence, he added.