Global economy facing disruptions, India can't be decoupled: Rakesh Mohan

Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI

Rakesh Mohan, former deputy governor of RBI | File photo
Premium

Rakesh Mohan, former deputy governor of RBI | File photo

Indivjal Dhasmana New Delhi
A repo rate of six per cent is "pretty normal" if the retail price inflation is expected to come down to four per cent in two years, said Rakesh Mohan, president of the Centre for Social and Economic Progress (CSEP) and member (part time) of the economic advisory council of the Prime Minister. The policy rate stands at 5.90 per cent. Mohan, a former deputy governor of the Reserve Bank of India, spoke to Indivjal Dhasmana about the global slowdown, its impact on India, the bad assets of public sector banks, the government’s production linked incentive schemes and other issues.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 19 2022 | 2:06 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com