India Not Out Of The Woods: IMF
  • Prabha Hedge
  • Feb 21 2014

February 21: In an exclusive conversation with Harsha Subramaniam, Thomas Richardson, Senior Resident Representative - India, IMF, says, “High inflation is undermining India's competitiveness.” Further, he adds, “Monetary policy should be used to reduce inflation.” According to Richardson future rate cuts will be negative for India's growth.