Customer Quote by Urjit Patel
“Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.”
About This Quote
Source Speech: Economic Outlook, Reserve Bank of India, 2023
High inflation and volatility hinder sustained high growth; stability supports durable expansion.
In simple terms: Inflation hurts growth; stability helps.
Promote price stability for lasting growth.
Themes
Mood
Type
When to use this quote
- government budgeting
- investment planning
- business strategy
- policy formulation
Key Concepts
Questions to Reflect On
- How can policymakers balance growth targets with inflation control?
- What measures reduce inflation volatility?
If inflation is low but volatility remains, growth may still suffer.