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PM's step into FM's role laudable but risky

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    • Reuters Tags : business, india, economy, Manmohan Singh, Finance Minister Posted: Tuesday , Dec 02, 2008 at 1331 hrs
    Manmohan Singh
    Analysts question how much time PM can devote to the economy when security is the top agenda.

    "The economy was undergoing a slowdown and the RBI is incrementally reacting to this," said Indranil Pan, chief economist at Mumbai-based Kotak Mahindra Bank.

    "With our fiscal policy already loose in this fiscal year and heading into elections (a) further fiscal push may not be seen immediately ... attention has shifted to something that is totally non-economic."

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