RPT-India finance chief: Stimulus exit when recovery clear

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LONDON , Nov 8 (Reuters) - The timing for winding down stimulus measures put in place to boost India's economy will be decided when it becomes apparent the economy is recovering, but there will be no more stimulus measures, Finance Minister Pranab Mukherjee said on Sunday.

"I have indicated we will decide (on exit) when the economy is on the path of recovery. Then we will decide how to exit," he said.

"Will there be further stimulus? I have indicated there is no question of further stimulus."

He was speaking to reporters in London after attending a G20 meeting of finance ministers and central bankers in St Andrews.

Earlier on Sunday, Prime Minister Manmohan Singh told an investors forum in India that some fiscal stimulus measures could be withdrawn from next year in Asia's No. 3 economy.

Last month, the Reserve Bank of India signaled an interest-rate hike was imminent, citing inflationary pressures. It also started tightening some bank credit.

"Both the government and the Reserve Bank of India are working in close cooperation to evolve appropriate policy," Mukherjee said. "There is no area of disagreement and divergence in view between the RBI and the government."

He said that while G20 nations had decided on coordinating exit policies, the realities in each countries were different.

"Coordination does not mean synchronization," he added. (Reporting by Sujata Rao; Editing by Jan Paschal) (sujata.rao@thomsonreuters.com; +44 207 542 6176; Reuters Messaging: sujata.rao.reuters.com@reuters.net))