Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.
More Quotes from Raghuram Rajan:
As the US deficit continues to be financed easily, the optimists who think there is nothing to worry about are gaining ground over the pessimists who think an abrupt and costly adjustment is likely. But the optimists have to be right every day while the pessimists need to be right only once.Raghuram Rajan
People associate inflation targeting somewhat wrongly with rigidity,
Raghuram Rajan
We expect India to grow at around 7 to 7.5 in calendar year 2006.
Raghuram Rajan
Despite having been helpful in the past, globalization may not be a crutch for central banks to lean on going forward.
Raghuram Rajan
We are getting more and more into supply-driven price increases which are going to be more constraining for growth going forward. We are at a point where further substantial increases will start mattering far more.
Raghuram Rajan
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