Considering the inflationary pressures, rate tightening is likely to persist for a few more quarters. And since rising rates are a deterrent to industrial capital expenditure, we believe that the investment cycle would take a backseat for a moment.
Pranab Mukherjee on Saturday said India would be back in the 9% growth trajectory in the next 18 months.
Day in Pics: 24th October
Showbiz World - October 24, 2014
Aamir Khan's sensational 'PK' posters