We will walk the path alone, says Chidambaram on growth challenge

After the Reserve Bank of India (RBI) announced that it was leaving interest rates unchanged, a disappointed Finance Minister said: “Growth is as much a challenge as inflation. If the government has to walk alone to face the challenge of growth then we will walk alone.” Mr Chidambaram was referring to the RBI’s stance of reining in inflation before changing key rates to revive flagging growth. The standoff between the North Block and the central bank over interest rates became more apparent today after the RBI left interest rates unchanged..........

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