India, April 23 -- Climate change entering the realm of formal economic policy-making is an acceptance of the crisis and a warning

Shaktikanta Das, Governor of the Reserve Bank of India (RBI), in his statement on the Monetary Policy Committee report released on April 5, said: "Two years ago, around this time, when CPI [consumer price index] inflation had peaked at 7.8 per cent in April 2022, the elephant in the room was inflation. The elephant has now gone out for a walk and appears to be returning to the forest. We would like the elephant to return to the forest and remain there on a durable basis. In other words, it is essential, in the best interest of the economy, that CPI inflation continues to moderate and aligns to the target on a...