Economy and Stock Market Disconnetced To Each Other Says Saktikant Das
Save BANK OF INDIA Governor Shaktikanta Das on Friday said there was a reasonable separate between the sharp flood in securities exchanges and the condition of genuine economy, as surplus worldwide liquidity was driving up resource costs over the world. He expected "certainly a remedy ahead" in the securities exchanges, yet said the national bank was set up to make all strides required to keep up money related soundness. This distinction, driven by monstrous liquidity infused by national banks, was a worldwide marvel and not particular to India, he said Friday in a meeting with news channel CNBC Awaaz. Reacting to a question on whether there is a distinction between business sectors rising strongly and the condition of the genuine economy, Das stated: "Separate to hai, jiske exposed mein humne MPC goal mein bhi bahut saaf kaha hai, aur maine kisi discourse mein bhi iske baare mein zikar kiya hai, yeh India ke liye impossible to miss marvel nahin hai, yeh saare worldwide...