Wednesday, December 10, 2008

2008/09 will be a difficult year, 2009/10 will also be a difficult year, perhaps more difficult - RBI chief Duvvuri Subbarao

India's growth projections for the current financial year ending in March 2009 may be revised downwards and 2009/10 may be a "more difficult year", the central bank chief Duvvuri Subbarao said on Wednesday.

Speaking to reporters, he said though the central bank and the government had taken steps to shield the economy from the effects of the global crisis, there would be a period of painful adjustment.
To read more, please, visit - Growth forecasts may be revised lower - RBI| Reuters

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