India's central bank is not a growth killer

According to this article published Thursday 17 August by Bloomberg, opposition to the Reserve Bank of India's strategy isn't merely academic.

"Unfortunately, it appears that the government, too, has decided it must save the economy from the central bank," it says.

"The lack of faith in the central bank is surprising because there's no evidence so far that monetary tightening has undermined demand in the Indian economy and prepared the ground for a slowdown in growth."

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