The emerging growth-inflation trade-off is an important input in deciding the pace, nature and timing of exit strategies in each country. On the growth front, the level of growth and its quality are important inputs that will affect the design of exit strategy, as will the sustainability of the anticipated recovery. Growth could be sustainable, but at a low level, which might make the combination unwelcome. Conversely, the growth level could be elevated but unsustainable, in which case the combination would also be unacceptable.

<p><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'><B>Rajeev Malik :</B> Go easy on that exit</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>Stronger-than-expected GDP growth should not alter India

<b>Rajeev Malik :</b> Go easy on that exit

Stronger-than-expected GDP growth should not alter Indias road map for an exit strategy.

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