New government to face growth, deficits and inflation challenges: Raghuram Rajan

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New government to face growth, deficits and inflation challenges: Raghuram Rajan
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said as per the PTI report.

"Growth, fiscal deficit, current account deficit and inflation -- these are the four biggest macro-economic challenges and we have to work on all of them. They are all inter-related," he said when asked about the main tasks for the new government.

India's economy expanded 4.9 per cent in 2013-14 after slipping to a decade-low growth of 4.5 per cent in 2012-13. Growth in this financial year is estimated at 5 per cent.

Read more about: rbi, raghuram rajan, inflation
Story first published: Friday, May 16, 2014, 9:10 [IST]
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