Puducherry, Oct4: Reserve Bank Governor D Subbarao today said FDI in retail is likely to reduce prices.
“All this will also bring in reduction in prices. To the extent the FDI in retail reduces prices, RBI will be more comfortable,” he told reporters after the Central Bank's Board meeting here.
He also said growth drivers of the economy are in tact.
“Those growth drivers are productivity improvement, entrepreneurial talent, demographic profile of the country, last middle class market, the potential for increasing savings and enormous capacity levels in the country and they are intact.
I am sure that we can grow much faster than we are today,” Subbarao said.
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