Tuesday, May 7, 2013

Mismatch between intent and action?

........Over the years, RBI has received accolades the world over for being among the best central banks. As such, while it would be a simplistic view to be critical of RBI, this perhaps also underlines the complex challenges facing RBI in balancing the dynamics of growth versus inflation. This also highlights the cross-currents of the potential of the Indian economy on the one hand and on the other the headwinds that it faces due to external factors such as weak global economy and quantitative easing-induced commodity prices flare ups and internal factors such as infrastructural bottlenecks and policy logjam.........

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