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RBI does what it can. But will it be enough?

The central bank needs more support from the government

May 22, 2020 / 12:38 PM IST
RBI does what it can. But will it be enough?

LIVE updates of the Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) decisions

They might be singing the same tune, but there’s a rift within the lute. The government and Reserve Bank of India have starkly different assessments of India’s economic growth this year. Reserve Bank of India Shaktikanta Das said in a speech today that “GDP growth in FY 20-21 is estimated to remain in the negative territory.” That’s a pessimistic assessment when compared to Chief Economic Advisor Krishnamurthy Subramanian’s take of 1-2 percent growth in FY21. More so, because the CEA’s...

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