Financial Express, 1 September 2012
If cutting rates gives a signal of lack of commitment to controlling inflation, it will do more harm than good
GDP growth at 5.5% for the latest quarter available suggests that the slowdown hitting India is getting well entrenched. For the year 2012-13 as a whole, growth may fall below 6%. This decline in growth has been expected as both investments and exports have slowed down. The uncertainty in the world is not over and it may continue to affect both the investment environment and export growth. Improving the policy environment for investment, controlling the fiscal deficit and reigning in inflationary expectations are essential policy interventions to improve growth. Read more...
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