Sunday, August 14, 2011

Don't blame the RBI for economic ills

.......The RBI's inflation forecast for March 2011 was grossly underestimated, given the prevailing inflationary pressure in the system. But the central bank cannot be solely blamed for misreading inflation and giving preference to growth over inflation as its policy decisions have been based on a set of largely unreliable/provisional data. ..........

Read..............

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