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Government flags growth risks, pushes for monetary easing

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India called on Friday for more monetary easing as it flagged risks to economic growth and budget targets, citing a series of disinflationary impulses weighing on Asia's third-largest economy.In its mid-year economic survey, the finance ministry said "tighter" monetary policy meant real interest rates in India were substantially higher than in comparable emerging economies, further clouding the economic outlook.Faster monetary easing, the ministry argued, would help deleverage corporate balance sheets and restore banks' profits, helping the economy realise ...

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First Published: Fri, August 11 2017. 17:24 IST