Leave it to the 75.

"RBI governor Shaktikanta Das has said that the central bank managed to moderate inflation without compromising on its growth focus." TOI. Actually, the RBI is mandated to keep consumer price (CPI) inflation at 4% with a rare deviation of 2% up or down. ET. However, since October 2019, the RBI has come close only on one occasion and that was in January 2021 when CPI inflation was recorded at 4.1%. RI. Sorry, but the governor's statement is as close to "Pants on Fire" (VOA) as you can get. Perhaps the governor has forgotten the Union government has 27 cabinet ministers, whereas the US has 26 members of cabinet rank including Vice President Kamala Harris (The White House). In addition to the 27 cabinet ministers, India has 3 ministers of state, with independent charge, and 45 ministers of state, making a cool 75 in all. india.gov.in. Perhaps, if the governor left economic growth to our illustrious cabinet and concentrated only on inflation, people would be able to buy more, which would increase sales and encourage more investment and, in turn, would lead to growth. "Dashing the hopes of manufacturers of consumer items - from daily essentials to two-wheelers and entry-level cars - the year 2023 ended on a subdued note." "HUL (Hindustan Unilever), which rules several categories of the local market with its array of products.., managed to grow its volumes by a meager 2% in the September quarter. Most of its peers in the market, from Nestle India to Dabur India, faced an uphill battle as low-to-middle income households in the urban and, especially, rural market kept their purse strings closed," wrote Arnab Dutta. "The official gross domestic product (GDP) growth projection of the current financial year (FY24) is at around 6.5%." "This would once again make India the world's fastest-growing major economy." "The number of millionaires in India is expected to double by 2026, and its luxury market is expected to triple in size by 2030. However, consumption and wages in rural markets are stagnant. Even urban incomes have not kept pace with inflation." "The World Inequality Report 2022 calls India one of the most 'unequal countries' in the world," Shakshi Jain & Arup Roychoudhury. High prices increase profits. "Fitch Ratings forecasts a significant uptick in profitability of Indian corporates, propelled by the country's economic growth." ET. Leading the pack will be Mukesh Ambani. Gautam Adani, the Tata group and Sajjan Jindal who will benefit from Mr Modi's "Make in India" campaign. ET. Will they be increasing profits through innovation, increasing productivity and increased exports? They don't need to. Customs duty was hiked on 75 imported items in the Union Budget of 2019. India Today. Customs duty was increased by less than 2% in this year's budget. Zee. Costlier imports reduce competition and the motivation to increase quality of goods or services. How does it help? Even foreigners are projecting Mr Modi will win the general election this year. ET. Perhaps, the RBI forgot it's not the government. Let the cabinet handle it.