New government to face growth, deficits and inflation challenges: Raghuram
Rajan
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said as per the PTI report. "Growth, fiscal deficit, current account deficit and inflation -- these are the four biggest macro-economic challenges and we have to work on all of them. They are all inter-related," he said when asked about the main tasks for the new government. India's economy expanded 4.9 per cent in 2013-14 after slipping to a decade-low growth of 4.5 per cent in 2012-13. Growth in this financial year is estimated at 5 per cent.
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said as per the PTI report. "Growth, fiscal deficit, current account deficit and inflation -- these are the four biggest macro-economic challenges and we have to work on all of them. They are all inter-related," he said when asked about the main tasks for the new government. India's economy expanded 4.9 per cent in 2013-14 after slipping to a decade-low growth of 4.5 per cent in 2012-13. Growth in this financial year is estimated at 5 per cent.
