Dr Subir Gokarn, former deputy governor RBI and now head of research, Brookings Institution, says it is important that the government signal its commitment to fiscal consolidation. At the same time, Jaitley needs to find ways to finance and get infrastructure sector back on track, he says
The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 bps, signaling a shift of focus from inflation to growth. Deputy Governor of the RBI Dr Subir Gokarn says, inflation stability is a key for long-term growth.
The Reserve Bank of India (RBI), which till date was only focusing on inflation, is now beginning to focus on growth, says Dr Subir Gokarn, Deputy Governor of the Central Bank.
The RBI Governor D Subbarao announced that the probability of future rate hikes is low. Deputy Governor of the Reserve Bank of India, Dr. Subir Gokarn says, not to hike rates is not a commitment, but guidance.
CNBC-TV18's Suresh Venkat spoke to the deputy governor of the Reserve Bank of India and one of India’s finest economists, Dr Subir Gokarn on the challenges a country like India faces with respect to inflation and what are the measures that can be taken to keep it in check.