Indian central bank chief cautions against growing economy too fast

Mumbai

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 Mumbai that the Asian giant must focus on "sustainable growth", built on a bedrock of low inflation.

"Paradoxical as it may seem, Brazil tried to grow too fast," Mr Rajan said, noting that the South A…