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Narendra Modi's Washington test

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Volatility in petroleum prices putting pressure on fisc: Arvind Mayaram

Jun 22 2014, 18:26 IST
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Recent developments in Iraq have created huge uncertainties with an overhang on the global economy: Mayaram Recent developments in Iraq have created huge uncertainties with an overhang on the global economy: Mayaram
SummaryThe Indian govt earlier said fuel supplies will not be impacted by the conflict in Iraq.

comprehensive growth strategies.

The strategies outline the policy actions that members intend to take to meet their collective ambition. The Framework Working Group had conducted a peer review of these preliminary comprehensive growth strategies in June at Goa, India.

Mayaram said as per the assessment, policy actions, excluding on infrastructure and trade, are expected to provide only an additional 0.8 per cent growth rather than the targeted 2 per cent.

"It is in investment including in infrastructure that we need to put our heads together to come up with new and additional policy actions to unlock our growth potential.

"However, clearly the support that must be provided by the MDBs (multilateral development banks) and the developed countries in intermediation of global capital flows into emerging markets has also been very weak," Mayaram added.

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