Subir Gokarn: Striking the balance between growth and inflation in India Presentation by Dr Subir Gokarn, Deputy Governor of the Reserve Bank of India, at the USIndia Economic and Financial Partnership: CII and Brookings Institution, Washington DC, 27 June 2011. *  *  *  Inputs from Bhupal Singh, Ashish George and G.V. Nadhanael are gratefully acknowledged. I.
Introduction  The Indian economy recovered relatively quickly from the financial crisis of 2008, but inflationary pressures emerged even in the early stages of the recovery in late 2009. Over the past year and a half, the challenge for monetary policy has been to contain these inflationary pressures without disrupting the recovery.