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RBI Governor announces Annual Policy Statement: Focus on growth & stability

	May 05, 2008

In its annual policy statement for 2008-09 released last Tuesday, the Reserve Bank has expressed confidence that the economy will achieve a growth rate of 8-8.5 per cent, even as measures will be taken to contain inflation at 5.5 per cent for the current fiscal. The policy statement spelt out that inflation would be brought down to around 5.5 per cent in the current fiscal with a preference for bringing it close to 5 per cent as soon as possible. Notwithstanding the inflation-controlling measu ...