The perceived difference of opinion between the Finance Minister and the Reserve Bank of India (RBI) Governor appears to be out in the open. If true, it is an indication of the frustration both sides feel since we do not appear to have made progress either on growth or tackling inflation. The ministry and the central bank have been tossing the ball into each other’s courts—and both have been taking some actions—but interest rates do not look like coming down fast enough to lift growth sentiments. How exactly do we deal with this situation?..........
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