MUMBAI (Reuters] – India’s fiscal deficit target will be met, and the government may continue to borrow as necessary. This was stated by Governor Shaktikanta das in an interview with CNBC-TV18 on Monday.

India announced Saturday a number of tax changes on key commodities to protect consumers against rising inflation and price rises.

Experts believe the recent moves will increase fiscal worries and make it difficult for government to meet its deficit goal of 6.4% GDP by 2022-23.

Governor Das stated that fiscal and monetary authorities are working together to manage inflation, which is well below the central bank’s target range of 2-6 percent.

Das claimed that there was no correlation between government expenditures and increased borrowing. He also stated that he believed the government was committed to meeting the fiscal deficit target.