Economy News
‘Aggressive fiscal consolidation should be avoided till private investments, exports revive’

In last month’s meeting of the monetary policy committee (MPC), Ashima Goyal was one of the two members who voted against the resolution on remaining focused on the withdrawal of accommodation. The other member was Jayant Verma. Goyal tells Joydeep Ghosh that keeping the real rate of interest at 1% will help anchor inflation expectations and prevent overheating without hurting the growth recovery. Excerpts:

News Source:- https://www.financialexpress.com/economy/aggressive-fiscal-consolidation-should-be-avoided-till-private-investments-exports-revive/2957731/