......However, with the latest growth figures of below the psychologically important 6 percent mark, RBI will doubtless have to go back to the drawing board ahead of its June 18 policy review. Economists reckon that with this inordinate slowing down of the growth rate, core inflation would also be coming down, and it was therefore necessary for the central bank to rework its growth-inflation priorities and place growth above inflation in its list of concerns........
........The spotlight, once again, will be on Subbarao and RBI. How the RBI Governor assesses the situation and whether he reworks his growth-inflation priorities will hold the key in the coming days. A growth figure which is the lowest in nine years surely deserves attention.
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