...... For the Reserve Bank of India, 2012 is shaping up as another year of damage control for a populist government’s excesses rather than pursuit of its own priorities of boosting investment and containing inflation.This could leave the economy trapped in an unhealthy confluence of high inflation and slowing growth, with little the RBI could do — other than easing bank funding — to encourage investment or to direct cheaper money to the most stressed parts of India’s supply chain. “It is a mistake to look at the RBI always as a vacuum cleaner for the mess the government makes,” said Rajeev Malik, senior economist at CLSA Singapore. “The government needs to be more accountable.......
Read.................
No comments:
Post a Comment