Apart from differing on the GDP forecast, RBI counters PMEAC projection of meeting the fiscal deficit target
RBI’s Annual Report, released just six days after the PMEAC’s Economic Outlook, is hard-hitting and gloomy at the same time. RBI has placed on record the hard reality that we should now see clearly and has also indicated that we need a very big overhaul of the way in which we operate, but this, unfortunately, does not seem to be forthcoming.
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