Money & Banking

Global conditions to continue to be challenging: Subir Gokarn

Anjana Chandramouly Bangalore | Updated on May 11, 2012 Published on May 11, 2012

Financial and external pressures are strongly influencing the policy environment, says Dr Subir Gokarn, RBI Deputy Governor.

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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on May 11, 2012
This article is closed for comments.
Please Email the Editor