...... If the government does not bring out a good Union Budget with proposals to cut subsidies and deficits, interest rates may stay where they are and will further lower growth estimates for 2012-13. On the face of it, it looks like wishful thinking that this government will turn reformist to please the RBI. On the other hand, the government might pile on political pressure on the RBI to cut rates — and that is worse.........
Read..........
No comments:
Post a Comment