Skip to content

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.” quote by Urjit Patel
Download Open image
“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.”

Urjit Patel

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.

Key Takeaway

Promote price stability for lasting growth.

Themes

economics inflation growth policy stability

Mood

cautious analytical

Type

policy economic

When to use this quote

  • government budgeting
  • investment planning
  • business strategy
  • policy formulation

Key Concepts

Macroeconomic theory monetary policy development economics

Questions to Reflect On

  • How can policymakers balance growth targets with inflation control?
  • What measures reduce inflation volatility?
A Different Perspective

If inflation is low but volatility remains, growth may still suffer.

3.6 out of 5 (3 ratings)

More by Urjit Patel

Explore all 40 Urjit Patel quotes

More Customer quotes

Browse all 9,257 Customer quotes