India Inc’s top line growth remains robust, but the picture pales on the margin front. While the Reserve Bank of India (RBI) governor Duvvuri Subbarao blamed poor pricing power for this, his stance is a break from the past. In previous monetary policy reviews, the apex bank had said pricing power remained intact despite a slowing environment and corporate India was able to pass on higher costs to customers. So what has caused this change of stance?...............
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