<p>Switzerland: Inflation in India is moderating and steadily approaching the central bank's 4 per cent target while growth prospects remain robust, Reserve Bank of India chief Shaktikanta Das said on the sidelines of the World Economic Forum annual meeting.</p>.<p>"Inflation has come under control and is within the band we have, which is 2 per cent to 6 per cent. Target is 4 per cent," Das said in a fireside chat at Davos organised by Invest India, the country's national investment promotion and facilitation agency.</p>.<p>Core inflation has started steadily coming down and gives confidence that monetary policy is working, he added. "RBI remains fully committed to bring inflation down to the target of 4 per cent."</p>.India's growth prospects are very good, says RBI chief.<p>Annual retail inflation rose the fastest in four months in December but core inflation, which strips out volatile food and energy prices, dropped to a four-year low of 3.8 per cent to 3.89 per cent from 4.05 per cent to 4.2 per cent in November.</p>.<p>Das said India's economic growth prospects remain robust, noting signs of sustained growth momentum in coming years.</p>.<p>The reduction in exchange rate volatility in India in recent years has renewed investors' confidence in the economy, he added. </p>
<p>Switzerland: Inflation in India is moderating and steadily approaching the central bank's 4 per cent target while growth prospects remain robust, Reserve Bank of India chief Shaktikanta Das said on the sidelines of the World Economic Forum annual meeting.</p>.<p>"Inflation has come under control and is within the band we have, which is 2 per cent to 6 per cent. Target is 4 per cent," Das said in a fireside chat at Davos organised by Invest India, the country's national investment promotion and facilitation agency.</p>.<p>Core inflation has started steadily coming down and gives confidence that monetary policy is working, he added. "RBI remains fully committed to bring inflation down to the target of 4 per cent."</p>.India's growth prospects are very good, says RBI chief.<p>Annual retail inflation rose the fastest in four months in December but core inflation, which strips out volatile food and energy prices, dropped to a four-year low of 3.8 per cent to 3.89 per cent from 4.05 per cent to 4.2 per cent in November.</p>.<p>Das said India's economic growth prospects remain robust, noting signs of sustained growth momentum in coming years.</p>.<p>The reduction in exchange rate volatility in India in recent years has renewed investors' confidence in the economy, he added. </p>