India's Singh calls for rapid action to revive investor spirits

06/27/2012 | Hindu (India), The · Business Standard (India)

With the finance minister's portfolio now his, Indian Prime Minister Manmohan Singh called for quick action to revive investors' spirits and dispel gloom that has settled over the country's economy. "In the short run, we need to revive investor sentiment, both domestic and international," Singh said, citing among other things a drag on the economy from tax issues. Meanwhile, Indian economists disputed Fitch's recent assessment that India had entered a period of stagflation.

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Hindu (India), The · Business Standard (India)

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