RBI, heal thyself
Surjit S Bhalla : Thu Jan 31 2013, 03:35 hrs
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It does not matter where one looks — outside or inside, growth or inflation, fiscal deficit or current account deficit, rupee or food inflation, the RBI needs to join forces with the fiscal side, the RBI needs to provide the backbone to improve growth in India and help reduce poverty faster. The RBI needs to do its job. If it does, and P. Chidambaram delivers on his promises of a "responsible" budget (very likely that he will), then 2013 will be remembered as the second coming of the 1991 reforms.
The writer is chairman of Oxus Investments, an emerging market advisory firm, and a senior advisor to Blufin, a leading financial information company
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