All-out effort to accelerate growth required
...........Finally, the RBI would help the economy recover by lowering interest rates. The government could consider lower interest rates, at least for loans to the housing sector and infrastructure to spur growth. Finally, to ensure recovery, special concessions could be considered for auto industry as were granted by President Obama in the USA. The need is to revive growth and all-out effort to achieve growth should be made by the policy-makers.
The writer is a Professor of Economics, RBI Chair, IIM, Bangalore. The views expressed are personal.
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