Cut expenditure as soon as recovery firms: RBI’s Gopinath
The resurgence in India's economic growth in the second quarter of 2009-10 bred an "inflation growth" outcome for the country, according to Shyamala Gopinath, a deputy governor of the Reserve Bank of India (RBI).
In remarks in Bangalore at the end of December, Gopinath emphasised that once the economic recovery had taken root, the government would have to turn its attention to cutting expenditure, noting that the central bank had already started on this path by signalling that it would tighten
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