Amidst shrill calls for double- digit growth, Reserve Bank deputy governor Viral Acharya has warned that such faster GDP expansion is always debt-driven and could crash at some point with disastrous consequences.
He said that instead the focus now must be to structurally set the economy on the right direction so that when it gets its mojo back growth can pick up at a pace that will be more sustainable.
Read more at http://www.thehindu.com/business/Economy/acharya-warns-of-pitfalls-of-debtdriven-furious-growth/article19551267.ece
He said that instead the focus now must be to structurally set the economy on the right direction so that when it gets its mojo back growth can pick up at a pace that will be more sustainable.
Read more at http://www.thehindu.com/business/Economy/acharya-warns-of-pitfalls-of-debtdriven-furious-growth/article19551267.ece
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