Economy Mimics Parliament, it Goes from Bad to Worse

.........“All policy announcements made in the past year have not added any material impact to the actual activity on the ground. The situation is dim and there is no reason for optimism, be it in consumption or investment,” Sabnavis said. Leif Eskesen, HSBC’s chief economist for India and Asean, called for pro-growth measures from RBI. “While RBI has to cater to the currency at the moment, it will eventually need to cater more to growth as economic activity continues to soften,” he said..........

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