RBI’s macro-prudential measures were necessary but contributed to demand slowdown: CEA

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The Reserve Bank of India’s macro-prudential actions may have been necessary at different times but collectively contributed to a slowdown in demand, Chief Economic Advisor V Anantha Nageswaran said. Speaking to CNBC-TV18, he highlighted factors such as post-COVID labour market shifts and private sector hiring trends as key contributors to the consumption slowdown.

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