Macroeconomic and Monetary Developments Third Quarter Review 2011-12
Published By: RBI on eSS | Published Date: January, 23 , 2012The Growth outlook has weakened as
a result of adverse global and domestic factors
that have been mentioned above. Business
and consumer confidence has been impacted.
Professional forecasters now see a weaker
growth in the economy. However, inflation and
expectations of inflation remain high and upside
risks emanate from exchange rate pass-through,
revisions in administered prices and higher-thanexpected
current fiscal spending. Consequently,
monetary actions will need to strike a balance
between risks to growth and inflation. [RBI]. URL:[http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/M2D210112FL.pdf].
Author(s): Reserve Bank of India RBI | Posted on: Jan 25, 2012 | Views(1017) | Download (1006)