Call for Indian govt to withdraw stimulus packages slowly
HYDERABAD, Sept 18, 2009 (Asia In Focus via COMTEX) --
Company: Bank of India
(BKIAF)
The Prime Minister's
economic panel on Thursday said the Indian government and the
Reserve Bank Of India (RBI) will have to slowly withdraw the
stimulus packages given during the slowdown once the economy
begins to show surer signs of recovery. "There should, however,
not be a premature withdrawal and the RBI has to guard against
re-emergence of inflation," Chairman of the Prime Minister's
Economic Advisory Council C Rangarajan said on Thursday in his
address to a seminar on 'International Financial Crisis and Its
Impact on India'.
* The former Governor of RBI said India would see "definite
signs of recovery" in the second half of 2009-10.
* On growth forecast, he said this fiscal year will see a
rate of 6 and 6.5 per cent, but it will be higher next fiscal
year.
Copyright (C) 2009 Asia in Focus. All rights reserved
News Provided by COMTEX
Company: Bank of India
(BKIAF)
Related terms: government, india, inflation, rbi
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