India’s Monetary Policy Different From The World | Russell Napier, ERIC

Speaking to ET NOW, Russell Napier, Co-founder, ERIC said “RBI stands out like the shining beacon in the last 2-3 years. Growth of broad money in India has been stable. India will have to perhaps solve the problem of commodity prices fiscally.” Monetary policy in India has been very different form developed world. India does not need to inflate away its debt. Debt to GDP level is perfectly manageable for India, he says. Huge level of capital inflows is a positive for India. India will attract a large amount of capital. Does he see recession coming? What about bond yields? Watch the full interview here to find out.