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Indian central bank chief cautions against growing economy too fast

Rajan says India must focus on "sustainable growth", built on a bedrock of low inflation

MR RAJAN: Said "our fellow BRICS all have deep problems" and that "Brazil may have overspent, China may have overinvested".


THE head of India's central bank on Friday warned Asia's third- largest economy against trying to grow too fast, pointing to the plight of recession-hit Brazil as a cautionary tale.

Reserve Bank of India (RBI) governor Raghuram Rajan told a gathering of business leaders in...

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