2013: P Chidambaram's year

.....An aside, Mr Minister: it is truly astonishing that at a time of high inflation and barely positive real interest rates all the expectation is for the Reserve Bank of India (RBI) to cut interest rates next month. You, Mr Minister, have of course contributed to this in conveying publicly your desire to see lower interest rates. You feel that you and the government have done your bit for growth and now it is time for the RBI to contribute its share. But the government has not done enough – in fact barely anything – towards reducing the inflationary pressures; nor, indeed, towards addressing the broader macroeconomic balances in the economy.......

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