RBI did it

This refers to the editorial “Will RBI do its bit?” (FE, October 30). The dire, uncertain condition of the Indian economy has been perfectly mirrored in the RBI’s quarterly survey. This editorial and the front page story “SBI capex loan crash mirrors investment strike at India Inc” told us the facts. Inflation will likely remain on a sticky path. Fiscal cliff of the US might reduce the growth rate of the developing world, including India. It’s good the current government seems on a reform path. Let’s hope that further dose of economic reforms will accelerate our economic growth.

- Shishir Sindekar, BYK College of Commerce, Nashik (FE)

.....As the popular saying goes—“No pain, no gain”—understandably, the policy initiatives taken might not bring cheer in the short term but definitely has the potential to turn the economy around in the medium to long term. In a nutshell, it is a well-documented policy aimed at striking a right balance between growth and inflation and take the economy on a higher growth pedestal.......

Read - FE