Former RBI deputy attacks government over fiscal dominance

reserve-bank-of-india-sign

The Indian government’s finances have become such a dominant concern that they are undermining both monetary and financial stability, warns a former Reserve Bank of India deputy governor.

Viral Acharya, who quit the central bank amid signs of government meddling in July 2019, says fiscal dominance in India has gone so far that it has spilled beyond the monetary domain and into the financial.

Acharya notes fiscal dominance is typically thought of as a situation in which government debts have

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: