Usually, most people think they are stepping in to end a crisis. But the self-effacing outgoing RBI Governor D. Subbarao hopes the end of his tenure will make a difference to the state of economy. Speaking about the macroeconomic environment at a public meeting in Hyderabad recently, Subbarao said: “Many people ask me when the economic crisis will end. Actually, the latest round of crisis began when I took over. Hence, it should end when I demit office in September.’’ But, then, economics works in mysterious ways. Subbarao is all set to move from the hot seat, but is the economy ready to change tack? Doesn’t seem so.
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment