Tuesday, February 7, 2012

Not possible to hit 8.5% growth without inflation: Gokarn

During Edelweiss's seventh annual conference, RBI Deputy Governor Subir Gokarn said that it will be difficult to achieve 8.5% growth again without triggering inflation. "The risk with aspiring to grow is that inflation can catch up with you very quickly," he said. Therefore, he believes that growth has to be discounted somewhat so as to get a better handle on the growth-inflation balance.................

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