A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
Rupee volatility could be dampened if it is steadily manoeuvered to levels consistent with inflation differentials, say Jaimini Bhagwati and Abheek Barua
On February 22, 2013, the Reserve Bank of India issued guidelines on 'Licensing of New Banks in the Private Sector'.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
Many things could play spoilsport for the Indian economy.
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