Comments
Though stress in Euro area has eased, risks remain, according to the RBI Deputy Governor, Dr Subir Gokarn.
Speaking at an event organised by the CII Southern Council in the city, he added that global conditions are likely to be challenging for some time to come.
Domestic growth-inflation balance stabilising, but risks remain on both fronts. Financial and external pressures are strongly influencing the policy environment, Dr Gokarn said.
"Outlook for 2012-13 is that we are expecting a mild recovery in growth. Expecting 7.5 per cent growth this year," he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.