Former Indian finance minister calls for rate cut
Growth has recovered and govt must make sure recovery is sustained: Chidambaram
Singapore
INDIA'S former Finance Minister Palaniappan Chidambaram has joined his successor in advocating lower interest rates, while stopping short of endorsing the current administration's budget.
"I would like interest rates to drift down," Mr Chidambaram, who served as finance minister for much of the 10 years to mid-2014, said in an interview in Singapore on Saturday. "Growth was sluggish, but it has recovered, and one must ensure that the recovery is sustained."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons