I share your concern about rates: PM to tell India Inc

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SummaryPM will address captains of Indian industry at a meeting on Monday.

expect the CAD to potentially moderate from 4.8 per cent of the GDP in FY’13 to 4.1-4.4 per cent of GDP, subject to gold imports and level of growth of GDP.”

In an interview given this week to The Indian Express Editor-in-Chief Shekhar Gupta for NDTV 24X7’s Walk the Talk programme, the acclaimed economist Arvind Panagariya described the sustained increase in interest rates by the RBI until the beginning of FY’13 as a “huge mistake”.

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