The missing growth push

.....The RBI’s policy statement itself states that time has now come to tilt a little towards growth in its balancing act between growth and inflation. It observed: “In view of inflation pressures ebbing, monetary policy has to increasingly shift focus and respond to the threats to growth from this point onwards.” However, when it came to taking action on this observation, the central bank sought to play it safe and keep its options unutilised. This will harm the growth spurts and the green shoots that are visible and have been referred to in the mid-year economic analysis of the Finance Ministry..........

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