Thus, growth as one of the two objectives is part of our mandate, but the relative emphasis in policy operations would depend upon the circumstances and is articulated from time to time.
It is often said that the best anti poverty programme in India is maintenance of price stability since a large part of the work force is in the unorganised sector, with little or no hedge against inflation. In recent years, the strong growth environment coupled with increases in prices of oil and food items have required added emphasis on price stability, especially inflation expectations.