......Crisil believes that the Indian economy will stay in L-shaped trajectory through this financial year, unlike the V-shaped recovery seen after the Lehman crisis in 2008. Ms Kudwa said, "we are right now at the tail of L-shaped trajectory, which will take some more time to get over." Despite all written and said about new RBI governor and expectations from him, CRISIL made it clear that rising inflation become the biggest hurdle and challenge for RBI governor Raghuram Rajan. "due to rising inflation, it would be difficult for RBI to cut interest rates way forward," Kudva said............
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