Cut rates to boost economy: Survey
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Corporate India is downbeat about the prospects for the economy as it continues to be buffeted by negative global cues, flagging industrial and export growth coupled with sluggish investment sentiment, according to the latest Ficci Survey on Current State of Economy.
Business confidence has hit a new low with as many as 77 per cent of the respondents feeling that the current environment is not favourable for capacity expansion.
Further, 90 per cent of the respondents believe that a cut in the interest rates is essential to give an impetus to investments.
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