Gokarn for fast economic recovery

Submitted by Anuj Gupta on Wed, 11/25/2009 - 21:29

The RBI is optimistic for the country to achieve its growth targets given to improving market conditions and increasing demand in the system across key economic segments. Subir Gokarn, the new deputy governor of the Reserve Bank of India (RBI) projected healthy growth for the country in the coming quarters.

However, he said that market has been improving slowly due to sluggish recovery and as a lot of challenges are still in the way, the country has to tackle for achieving broad based recovery.

Gokarn added, “The economic outlook is far more comfortable compared to a year ago. This gives policy maker little bit of breathing space.”Gokarn, who assumed his charge today, would be responsible for shaping the monetary policy, economic analysis and, Deposit Insurance & Credit Guarantee Corporation and some other important assignments.

Gokarn said that the expansionary policy would be dependent over rise in economy. He hoped significant capital flow in the country in response to improving market conditions.


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