Chennai, Oct 2: Food inflation is “stubbornly” high and is a barrier to economic growth, Reserve Bank of India deputy governor Subir Gokarn said here on Tuesday.
Gokarn also said the present growth scenario suggests that appropriate domestic policies can help India to offset the negative forces emanating from global economy.
”The focus has to be on the domestic policies,” he said. The RBI Deputy Governor said the impact of growth-friendly policies in creating jobs has been diluted due to lack of skill and labour laws.
