Russia 2015

[vgane]

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Russia 2015

GDP growth: -4%

Industrial production: -4.6%

Inflation: 16%

Interest rate: 11%

Currency value: -44%

Source: The Int'l Spectator

Our economy would have been in company of Russia had not RBI Governor Raghuram Rajan taken those stern measure to control inflation!!

 

[zebra16]

Russia 2015

GDP growth: -4%

Industrial production: -4.6%

Inflation: 16%

Interest rate: 11%

Currency value: -44%

Source: The Int'l Spectator

Our economy would have been in company of Russia had not RBI Governor Raghuram Rajan taken those stern measure to control inflation!!

Sri vganeji,

It is true that RBI Governor steered the economy in the correct path.

But the main reason is India is importer of oil and Russia is producer and exporter of crude and natural gas. The slump in international oil prices as also other commodity prices like coal etc. did the Russian economy in and the falling crude and commodity prices helped India to shore up its finances.