The Reserve Bank of India (RBI) said on Thursday that lower interest rates alone can’t help prop up investment and put Asia’s third largest economy back on the growth path, reiterating that the government needs to embark on policy reforms to iron out structural issues and fast-track infrastructure projects.
Read this article and suggest means and ways of improving the economic environment in India. You are expected to evaluate your suggestions.
http://www.financialexpress.com/news/switch-policy-cut-subsidies-rbi-to-govt/992221/0
This article might help you form your views
http://www.livemint.com/2012/08/23235118/Lower-rate-alone-can8217t-p.html?h=B
This article might help you form your views
http://www.livemint.com/2012/08/23235118/Lower-rate-alone-can8217t-p.html?h=B
Your response should be of atleast 250 words.