.... There are some who point out some critical differences between the crisis now and in 2008. Maruti Suzuki Chairman R C Bhargava says, “In 2008, the banking system had collapsed and banks were not willing to lend either to corporates or to individuals, to buy a car for instance. In 2011, banks have cash but consumers are not buying because of high interest costs, high fuel costs and inflation — problems the government can easily resolve.”..........
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