ISAS Briefs

In the last few weeks, the Prime Minister of India, the Finance Minister as well as the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, have been expressing anxiety over the impact of the sub-prime crisis in the United States on growth in India. In fact, Mr Ahluwalia has said that this is more worrying than the rise in energy prices. It is only the Governor of the Reserve Bank of India (RBI) who has not expressed similar views, focusing his concern more on growing capital flows and the impact on the currency.