Countercyclical monetary fiscal policy works and in a country like India, perhaps you need to do a certain minimum amount. These baby steps are not sufficient because of the large spreads, says Ashima Goyal, Member, PMEAC on the RBI monetary policy. Excerpts from an interview with Mythili Bhusnurmath of ETNOW.


The fact that the Monetary Policy Committee took this unanimous decision to keep the repo rates unchanged, was a great sh ...............ET