Quoting RBI Governor D Subbarao, the Deputy Governor said, “The Reserve Bank will maintain an accommodative stance until demand conditions improve and credit flow takes hold, but reversing the expansionary policies is definitely on the agenda on the way forward.”
This is quite logical and reasonable, Chakrabarty said, adding, “We are not very clear whether recovery is complete or not.”
Speaking about the Small and Medium Enterprises sector, he aid, “The current environment for SME is very good because everybody is looking at the local market.SME has a very great opportunity and they must seize the opportunity then only we will be able to go back to 8 per cent growth,” .