Indian economic outlook uncertain: Subbarao
Updated on Dec 12, 2008 09:01 pm IST
The Governor of Reserve Bank of India or RBI on Thursday said that the near-term outlook for the Indian economy remains uncertain, and the RBI is ready to follow up last weekend's aggressive rate cuts if needed to boost the economy. Asia's third-largest economy is struggling to fend off damage from the global credit crisis. Last weekend, government unveiled a fiscal package including 4 billion dollar of extra spending.
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