Business Standard

India wants non-inflationary growth of 7-8 pct - Sinha

Image

Reuters NEW DELHI

NEW DELHI (Reuters) - The government wants to achieve an economic growth rate of between 7 and 8 percent that is non-inflationary, Minister of State for Finance minister Jayant Sinha said on Friday.

Sinha was speaking the day after the Reserve Bank of India ordered a surprise interest rate cut. The central bank cautioned that further policy easing would depend on "sustained high quality fiscal consolidation".

(Reporting by Rajesh Kumar Singh; Writing by Douglas Busvine; Editing by Clara Ferreira Marques)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 16 2015 | 6:55 PM IST

Explore News