India’s financial system is probably going transferring right into a low inflation regime as provide shocks fade and demand cools, in response to a paper co-authored by Reserve Bank of India Deputy Governor Michael Patra. 

“Since the second half of 2022-23, there are signs of a transition to a low inflation regime,” wrote Patra, and his colleagues on the central financial institution, Joice John and Asish Thomas George, in an article launched with RBI’s April bulletin Friday. The views aren’t formally endorsed by the central financial institution.