"Probably the thinking now is to slow domestic demand but the willingness to revisit the spreads is a positive development. Without it, smaller firms are facing problems to raise funds," said D.K. Joshi, principal economist at ratings and research agency Crisil.
India, Asia’s third-largest economy is expected to expand by 8 per cent in 2008/09, lower than 9 per cent in the previous fiscal year.
$500 mn
The money firms are allowed to borrow from abroad under current rules
$50 mn
The money manufacturers are allowed to bring into the country
$100 mn
The money infrastructure companies allowed to get into the country
Epaper
Newsletter
Stocks
Weather
Horoscope
