Prime Minister Manmohan Singh Friday said that space was now available for growth-promoting policies in the country.
Talking to reporters on his way back from his five-day trip to Japan and Thailand, the prime minister said inflation was under control.
"As we get control over inflation, I believe that in the coming months, there is more space available to pursue pro-growth policies," he said.
Asked if the Reserve Bank of India (RBI) was behind the curve to promote growth, Singh said: "Monetary policy of the country is decided by the Reserve Bank of India. I respect the judgement of the Reserve Bank. This is also an evolving process."
"You will see inflation coming under greater control, and the space for growth-promoting activities also increasing," he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app