.......From his corner office on the 18th floor as the RBI Guv overlooks the bulging megalopolis below, he weighs the old debate of growth versus inflation once again. The debate at one level is nearly as old as the Western Ghats, for India's policy mavens have been unable to come up with any worthwhile supply-side interventions. All that the Governor Raghuram Rajan is left with is monetary tools and I am sure he will have to use this instrumentality yet again on December 18 when he comes up with another policy review...............
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