The governmwtn has admitted taht the risisng interest is likely to affect the industry. Monetary issues work through a complex process of long and variable lags. This means that industry sector has not sepcifically represented against the rising interest rates.
This means monetary actions of RBI will ahve the effect of cooling down of inflation after soem time. Food inflation came down to 10.35 % in the first week of august. However Industrial growth also came down to a single digit at 7.1 in June for the first time in nine months.
:SugarwareZ-155:
This means monetary actions of RBI will ahve the effect of cooling down of inflation after soem time. Food inflation came down to 10.35 % in the first week of august. However Industrial growth also came down to a single digit at 7.1 in June for the first time in nine months.
:SugarwareZ-155: