Nov 23, 2011
| Last Updated
The RBI is facing a difficult policy choice as India’s growth is stalling while inflation pressures remain very high. Industrial output growth slowed to a mere 1.9% y/y in September, while wholesale inflation remains sticky and close to 10% y/y. The government’s ability to support growth via pump-priming might be limited due to the need to keep the fiscal balance in check.
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