This refers to the front-page report “5.5% economic growth beats market forecast” (September 1). It seems like everything may finally be falling in place for Indian Inc. However, two of the major concerns of industry, high inflation and fiscal deficit, remain a problem. Inflation is still beyond the Reserve Bank of India’s comfort zone of five per cent and there are no signs of the central bank softening its stance on the interest rate front. On the fiscal deficit issue, the government needs to hasten decisions with respect to deregulation of diesel to achieve the budgeted target. We hope for some breakthrough on these fronts.
Bhushan Orpe Mumbai
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