RBI lobs ball to Pranab

Concerns over the sustainability of the sovereign debt problem in the eurozone have increased, India’s growth has deteriorated because investment activity has decelerated sharply, non-food credit growth has decelerated from 21.3% at end-March to 15.7% by end-December … All of these are statements contained in RBI Governor Duvvuri Subbarao’s monetary policy statement, and yet he chose to do precious little.

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