Infra bottlenecks will dilute potential benefits of weak rupee: Subir Gokarn

.....There is clearly an element of self-correction when the currency has depreciated so much. The fact that it appears to be happening is not very visible in these numbers, but that is the expectation that people are working with for the next few quarters. There is no question that this is a positive development and that should abate some of the concerns, but I still think we have to be focussed on why the current account deficit went from below 3% of GDP to almost 5% in two years...........

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