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LETTERS: Why the panic? - I

LETTERS

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Business Standard New Delhi

If the Indian economy is as insulated from the global crisis as Finance Minister P Chidambaram says it is, why is there so much panic in the markets? If Indian investments are on track, then why are banks hesitating to lend — a host of banks have slashed credit limits for firms they have been lending to for years. This is the question that the government needs to address.

Sanjay Singh, Gurgaon

 

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First Published: Oct 14 2008 | 12:00 AM IST

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