Saturday, March 17, 2012

RBI growth stimulus not possible without fiscal consolidation

……..“The government has boxed itself into a corner, where the only priority is fiscal consolidation,” Walker told Firstpost in Hong Kong. And if fiscal consolidation is not No 1 priority in this budget, the RBI will be unable to deliver the growth stimulus that is required – interest rate cuts – and the government can forget about economic growth, he cautions…….

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