ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Need for Fresh Ideas and Risk-Taking

Uncertain Economic Backdrop UNCERTAINTIES in the real economy continue to bedevil the operations of the financial markets. All the three key factors responsible for the industrial slowdown in the first place, namely, reduced public expenditure, slackness in credit supply and high real rate of interest, show no sign of easing, not at any rate to the extent required. Added to them is the deepening of global recession which is keeping the export sector depressed. The hopes generated by the injection of nearly Rs 18,000 crore of liquidity into the system through the Resurgent India Bonds (RIBs), as also the promises of increased public expenditures and improved credit delivery, seem to have got stuck in structural and bureaucratic bottlenecks.

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