: So, status quo policy is what you expect. But the RBI has made very clear that it has little room to maneuver. To quote the RBI, “The fiscal and monetary space to stimulate the economy remains limited in the presence of an already large fiscal deficit and persistent inflation.” So, does the battle between the government and the RBI wage on?
A: Unfortunately, yes. This time the RBI has gone a step further and prescribed a revival of growth to the government, reiterating that a lot of confidence-building is to essentially come from government policy actions.....
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