MUMBAI: The fight against inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates, an RBI article said.
"Yet, if we succeed, we will entrench India's prospects as one of the fastest growing economies of the world enjoying a negative inflation differential with the rest of the world," according to the article on the state of economy authored by a team lead by Reserve Bank of India (RBI) deputy governor Michael Debabrata Patra.
