Raghuram Rajan's RBI must cut interest rates to help economic growth stay positive: India Inc

Sep 12 2013, 20:51 IST
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An investor looks at a display of stock prices outside the Bombay Stock Exchange building in Mumbai. REUTERS An investor looks at a display of stock prices outside the Bombay Stock Exchange building in Mumbai. REUTERS
SummaryAn easing of benchmark rates by the RBI would provide much needed traction: CII

few months," Singh said.

However, consumer goods output contracted 0.9 per cent in July, compared with expansion of 0.7 per cent in the same month last year.

"Industrial growth is set to pick up further in the ensuing months, supported by revival in consumer goods demand as well as improving private investments from both domestic and foreign investors," President of PHD Chamber of Commerce & Industry Suman Jyoti Khaitan said.

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