)
Says the WPI-linked bond would help cut gold imports drastically
Gold imports still elevated despite contraction last fiscal
CAD, inflation expected to ease down in FY'14
Interestingly, the same data also depicted that export value for iron ore declined to around $1.6 bn from $4.6 bn voer the period
Pharma, gems & jewellery, machinery, metals also drive exports
Says govt's belief of 8% growth rate unlikely, sees potential growth rate at 7%
Even as WPI-based inflation fell to a 41-month low of 4.89%, it may again rear its head once economic expansion gathers momentum
He said there are change in the sentiments and the Indian economy is expected to grow well in the current financial year