.."There's no way we are close to being a country in financial or economic crisis... There is not a chance we will go to the IMF for money in the next five years," he said at CNN's Debate on the Global Economy. The RBI has taken a series of measures to strengthen rupee and promote growth.........
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This voice of confidence expressed on behalf of RBI, coming from a clear understanding of India’s economic strength, if supported by policy measures by GOI, will put back the ‘INDIA GROWTH STORY’ back on track. GOI should support the central bank by managing the country’s need for import dependence within reasonable levels, exploiting domestic resources including gold pragmatically and sending out a clear message that the political leadership will allow institutions to function within their legal mandates with least interference using ‘ownership rights’.
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