Rate cut good for economy: Arvind Subramanian

March 04, 2015 10:27 am | Updated April 02, 2016 07:54 am IST - NEW DELHI

The Union government welcomed a surprise interest rate cut on Wednesday as good news for the economy that would not pose any inflationary risks.

Both the rate cut and last weekend's annual budget were "consistent with non-inflationary growth", the finance ministry's chief economic adviser Arvind Subramanian told CNBC in an interview.

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