Home / Knowledge / News / Textiles / RBI should have finetuned interest rates - FICCI
RBI should have finetuned interest rates - FICCI
29
Jan '08
Mr. Habil Khorakiwala, FICCI President, that in the context of the slowdown in industrial growth, RBI could have done some rethinking on the interest rate regime and finetuned the rates.

A revival in the growth of industry and services, he maintained, is essential to sustain a high rate of economic growth.

Overall industrial growth in November this year plunged to 5.3% compared with 15.3% in the corresponding month of 2006-07.

In the first six moths of the current fiscal (April-September) industrial growth was 9.4% compared with 11.1% in the corresponding period of 2006-07.

Along with the rising rupee, high interest rates, the FICCI chief said, have taken a big toll on several sectors of the economy, particularly the small and medium enterprises.

In fact, apart from housing, construction and consumer goods, the high interest rate regime is adversely impacting the intermediate and capital goods sectors.

With inflation moderated to tolerable limits, the RBI could have shifted its emphasis from controlling inflation to sustaining the overall growth momentum, Mr. Khorakiwala said.

Reserve Bank Of India


Must ReadView All

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search