Tuesday, July 17, 2012

Former RBI governor YV Reddy rules out stagflation for now

Dismissing fears of stagflation, Former Reserve Bank Governor Y V Reddy today said India is still one of the fastest growing large economies." "Where is the issue of stagflation? Though inflation is a concern but that does not mean that we are de-growing... still we are one of the fastest growing large economies," Reddy, who is credited with formulating policies that absorbed the shock emanating from 2008 global financial crisis, told........

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