‘Interests’ of the growth brigade

.....In an interview to this paper, D Subbarao, when asked if the status quo on interest rates would not hurt the common man, simply and correctly identified low and stable inflation as a better condition for the common man. Interest rates do not affect the “common man” as much as inflation as any housewife will tell you. But it’s also clear that the RBI has to do something for growth, and there lies the problem.......

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