In the fourth quarter of financial year 2011-12, India’s growth rate dipped to 5.3%, the lowest rate since 2003. On June 22, 2012, rupee depreciated to a record low of INR 57.15 against US dollar. In the same month, food inflation was at 10.81 percent. A country that was termed as the next global super-power suddenly seems to be in a mess. Was India’s success story just a flash in the pan?
Showing posts with label Reserve Bank of India. Show all posts
Showing posts with label Reserve Bank of India. Show all posts
Tuesday, July 24, 2012
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