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Recovery fragile, needs support: Subbarao

Recovery fragile, needs support: Subbarao
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First Published: Fri, Nov 27 2009. 11 21 PM IST
Updated: Fri, Nov 27 2009. 11 21 PM IST
Hyderabad: Signalling that the Reserve Bank of India (RBI) was still looking to nurture economic growth, governor D. Subbarao on Friday said there was a need to support the drivers of growth as the recovery was still fragile.
“The most standard, predictable argument is that growth is still fragile and if the RBI tightens then lending rates will go up, investment cost will go up, production cost will go up and we would be derailing the growth impulses,” Subbarao said.
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First Published: Fri, Nov 27 2009. 11 21 PM IST