RBI pushes government to act on fiscal consolidation promises

india-flag-jpg1

The governor of the Reserve Bank of India (RBI), Duvvuri Subbarao, said today (October 30) that the Indian government must take concrete action if it wants to meet recent deficit reduction pledges.

The central bank chief said a recovery of Indian growth depended crucially on the government following through with its pledges announced on October 29, when finance minister Palaniappan Chidambaram said the government would target a deficit of 5.3% this year, falling to 3% by 2017, but revealed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.