Non-food inflation reversal is a big concern: Subir Gokarn
In the opinion of the RBI deputy governor Subir Gokarn, rising crude prices have created more risks for the global economy besides inflation, which is hampering growth to a greater extent, reports CNBC-TV18 quoting Dow Jones.
March 24, 2011 / 20:29 IST
Indian market has witnessed high volatility since a long time on rising crude oil prices and mounting inflation.
Most analysts feel that oil rates and inflation numbers are going to make it difficult for an emerging market like India to mark better-than-expected growth despite scoring higher on the GDP scale. In the opinion of the RBI deputy governor Subir Gokarn, rising crude prices have created more risks for the global economy besides inflation, which is hampering growth to a greater extent, reports CNBC-TV18 quoting Dow Jones.Gokarn is most concerned about non-food inflation reversal and sees investment momentum dipping down, which is again a worrisome matter.He said that he is trying to do a balancing act between growth and inflation and has been successful in not disrupting growth prospects so far. However, he added that there is a need to be watchful on monetary stance. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
