Jul 24, 2009
| Last Updated
- A large consumption base is sustaining domestic demand. Policy measures are improving credit flows in the economy and capital inflows are boosting the stock market.
- A revival of risk aversion will undo the recent improvement in credit conditions and corporate investment plans.
- Domestic demand will buoy growth but tight global liquidity, large fiscal deficit and slow pace of reforms will keep the recent high economic growth out of reach.
India’s high dependence on foreign capital and Information Technology (IT) exports to drive investment, asset bubbles, and job[...]
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