Sharp expansion of government expenditure supported the aggregate demand and moderated the impact on overall growth. However, to revert to the higher growth trajectory and to ward off probable inflationary pressures timely exit from expansionary monetary and fiscal stance would be critical. Do we deserve accolades?
4  Rs.23.3 lakh crore as on December 31, 2010; Rs.23.5 lakh crore as on March 31, 2011. 2  BIS central bankers’ speeches  Mutual Funds are also allowed by SEBI to trade on Interest Rate Futures (IRF). IRF contracts on 10-year notional coupon bonds were launched on NSE in August 2009.