Rate cut to 2009-10 level key to recovery: Ajay Shankar

.....A revival would primarily depend on the easing of interest rates by RBI to 2009-10 levels; the industry would like this soon enough. The revival would be strengthened with a competitive exchange rate so that domestic value addition isn’t at a disadvantage. An increase in investments in infrastructure, especially in roads and power plants, would stimulate industrial demand. This should, hopefully, happen soon enough, as identified bottlenecks are removed.

Read - BS