RBI's Subbarao: India must go for growth
Duvvuri Subbarao, the governor of the Reserve Bank of India, has said that his primary objective for his first three-year term was to restore growth to pre-crisis levels.
Speaking to CentralBanking.com on the sidelines of the Bank for International Settlements' (BIS) AGM, Subbarao said: "India achieved growth of 9% over the four years to 2008, and the crisis clearly came as a setback to us. In the 2008-09 financial year, the growth rate was 6.7%. This was better than most people had expected
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