When it comes to political risks, however, central banks cannot be risk managers, since this would bring us too close to being political actors. We can monitor political risks, and we can put in place plans for responding to them – but we can only act when the data justify such a step, and in a way that does not pre-empt political decisions.
11. In closing, let me say a few words about India. Real GDP growth is expected to clock 7.2 per cent during 2019–20, the fastest among large economies of the world, growing by an average rate of around 7.5 per cent in recent years.