What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time.
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"What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time." — Urjit Patel #moneywealth
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What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time. — Urjit Patel
About Urjit Patel
Urjit Patel was a Economist from Kenya (1963–present).
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Who said "What is important is that in a capital-scarce country like India, the real inte…"?
This quote is attributed to Urjit Patel, a Economist from Kenya.
When did Urjit Patel live?
Urjit Patel lived from 1963 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.