“Its a wake-up call, a shock.But it could be predicted considering that there is no positive news or action from the government.It reminds me of the crisis India faced in 1990-91.It (government) needs to change its thinking that India will grow at 6-7%, whatever happens. That is no longer true. Retrograde amendments, delay in policy making, telecom spectrum pricing—there is virtually something of concern across every sector causing negative perception. It’s time for reform.”–said Harish Mariwala, Chairman of Marico Ltd reacting to the poor GDP numbers
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