Prospects for India's economy - Reddy
The Reserve Bank of India will try contain inflation at close to 5%, said Dr Y.V. Reddy, the central bank's governor, in a speech in Chile.
Indian real GDP will grow at around 8.5%, according to Reserve Bank projections, he said.
In a wide-ranging the speech, Dr Reddy also remarked on monetary policy implementation, financial regulation and prospects for the Indian economy.
Read the speech
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