HomeNewsBusinessMarketsDoes the Indian economy need QE/LTRO support?

Does the Indian economy need QE/LTRO support?

Moses Harding of IndusInd Bank believes the current monetary position of tight liquidity and high interest rates are definitely not growth supportive. There is need for quick shift into aggressive pro-growth monetary stance to achieve a reasonably good GDP number for FY13 around 7%.

By Moses Harding, Executive VP, Head

first published: Mar 1, 2012 11:05 am

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Does the Indian economy need QE/LTRO support?

Moses Harding of IndusInd Bank believes the current monetary position of tight liquidity and high interest rates are definitely not growth supportive. There is need for quick shift into aggressive pro-growth monetary stance to achieve a reasonably good GDP number for FY13 around 7%.

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