Tuesday, May 7, 2013

Justification for rate cut, a myth

..........In fact, one would perhaps find the RBI as being too cautious on growth projections. If the monsoon turns out to be normal, and also temporally and spatially well spread, and the Government’s current efforts help to at least marginally invigorate the investment climate, it is possible for growth to end up somewhat higher at six per cent or so..........

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