Tuesday, June 18, 2013

Subbarao has hit the nail on its head, says Ambit's Wadhwa

I personally believe that the Governor has hit the nail on the head. We have had a rate cut in the past and it is not as if that rate cut has translated into a significantly larger amount of investment, particularly in the infrastructure and the capital goods sector. We have seen that lack of government decision-making and clarity on what it needs to do on critical elements related to infrastructure are all serious roadblocks at this point in time.............

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