January Rate Cut Subdues Expectations Of RBI
"As many as 54.2 percent of the respondents in the Confidence measuring survey said not much has really changed at the operating level in the last six months, but more number of industry leaders expressed optimism about the shape of things to improve going forward," Assocham said.
In an analysis of the unscheduled rate cut last month by Rajan who, in 2005, had predicted the 2008 financial meltdown that is still affecting global economy, IANS had pointed out that slmost a decade later Rajan is stronger in his belief that global markets now are at the risk of a crash due to the competitive loose monetary policies being adopted by developed economies.
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