"India needs more than just lower interest rates to kickstart investment again," Bardalai said.The Congress party-led government is promising financial reforms to reduce the fiscal deficit in the next budget due at the end of February. India also is wrestling with its expensive subsidies for commodities such as fuel that have swelled spending faster than the government can collect revenue, and economists say reforms in business regulations are needed to encourage investors.
India Industrial Output Drops For 2nd Month In Dec
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