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......“Growth, fiscal deficit, current account deficit and inflation — these are the four biggest macro-economic challenges and we have to work on all of them. They are all inter-related,”......
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The observation by RBI Governor: “Growth, fiscal deficit, current account deficit and inflation — these are the four biggest macro-economic challenges and we have to work on all of them. They are all inter-related,” in response to the question about the main tasks for the new government, encapsulates the concerns bothering RBI.
A change of guard in New Delhi is an opportunity to ‘stop, look and proceed’ on all policy issues affecting India’s future. As BJP leadership has already expressed its intention to bank on professionalism and expertise, media should not nag Dr Rajan about his continuance. He has the potential to remain at Mint Road for another decade. In less than 9 months, Dr Rajan has prepared a ready to use roadmap for reviving the financial sector and economic growth, which should not be ignored by the new government.
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