Robust Expansion Augurs Tightening

January 2007
Asia Monitor: South Asia Monitor;Jan2007, Vol. 13 Issue 1, p3
Country Report
Country Report
The article reports on the strong economic expansion in India and the expected tightening monetary policies to be followed by the Reserve Bank of India (RBI) to stem liquidity. The manufacturing and the service sector played a pivotal role in the expansion of gross domestic product (GDP), with industrial output growing by 11.9%. The service sector showed growth of 10.9%. RBI will lift the overnight borrowing rate by 25 basis points to 6.25% in January.


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