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Journalism of Courage
India needs to take more fiscal and monetary steps to stimulate demand and credit flows in a slowing economy,the deputy chairman of the planning commission said on Friday.
Montek Singh Ahluwalia said the country was witnessing a decline in exports and investment demand.
Separately,Ahluwalia told a television channel that the RBI could cut the cash reserve requirement CRR and interest rates to add liquidity and help revive growth.
8220;That is certainly an instrument they can use,both CRR and interest rates,8221; he said in the interview,a transcript of which was published in the Indian Express on Friday.
