Subir Gokarn, Director of Research, Brookings India says the economy may hit bottom but there is no sign of recovery yet. He feels the current account deficit (CAD) problem needs to be addressed on various parameters; a diesel price hike alone will not be enough. Gokarn, who is also ex-RBI deputy governor, also says restriction on gold imports only a short-term solution. He says the government must ensure alternate investment options to gold. "The inflation-indexed bonds (IIB) a clear alternate to gold investment," he told ................
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