rbi speech, 2024-09-03
Circling back to where I began on the relationship between finance and growth, I can do no better than to quote the late Anand Chandavarkar, among the finest upholders of the hallowed tradition of practitioners of the economics profession in the RBI: 'the debate about whether financial intermediation and development is a "demand-following" or a "supply-leading" phenomenon is comparatively subsidiary to the question: whether (countries) have the necessary insight and economic statesmanship to adopt appropriate policies?'
Sentiment: neutral
Topic: mp_economic_activity