Timing is everything: RBI’s Subbarao on exit
Timing India's exit from loose fiscal and monetary policies will be a challenge with the clash between a fragile recovery and inflation that is threatening to take off, admitted Duvvuri Subbarao, governor of the Reserve Bank of India (RBI) on Monday, ahead of the central bank's next policy meeting on 29 January.
During introductory remarks to a conference on deposit insurance in Goa, Subbarao noted that GDP growth in the second quarter of the 2009-10 fiscal year had jumped 1.8 percentage points
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