RBI's Subbarao: India must go for growth

Subbarao of the Reserve Bank of India

Duvvuri Subbarao, the governor of the Reserve Bank of India, has said that his primary objective for his first three-year term was to restore growth to pre-crisis levels.

Speaking to CentralBanking.com on the sidelines of the Bank for International Settlements' (BIS) AGM, Subbarao said: "India achieved growth of 9% over the four years to 2008, and the crisis clearly came as a setback to us. In the 2008-09 financial year, the growth rate was 6.7%. This was better than most people had expected,

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