......The CII expressed concern that low economic growth will affect job creation, inclusive growth and social uplift of people. Addressing a news conference after the council meeting, CII President Adi B. Godrej called for a monetary stimulus by the Reserve Bank of India (RBI) over the next six to nine months to help revive growth. "Fortunately, inflationary expectations are coming down. Global commodity prices particularly of crude oil have started falling. This is the right time to create the monetary stimulus that can help revive the economy," he said......
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