Agost Benard Quotes on Government (2 Quotes)

What we would look for is a gradual phasing out of the fuel subsidy and a more effective and coordinated policy response from the government and monetary authorities as and when shocks arise. Shocks such as high oil prices, a classic case of external shock, caught the government by surprise.

In light of the bank's public policy role and the track record of strong support from the Indian government, Standard Poor's equalizes its ratings on India EXIM with those on the sovereign.