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Good Morning Portugeezer – it appears Modi’s experiment is having ripple effects

Posted by Buygold @ 11:06 on January 2, 2017  

As Cash Shortage Leads To Manufacturing Contraction, Economic Shockwaves, Indian Banks Slash Interest Rates

Indian banks announced sharp cuts to their lending rates after a recent surge in deposits, raising hopes that lower borrowing costs will help spark credit growth in Asia’s third-largest economy, at the same time as the December PMI survey showed the first contraction in India’s manufacturing sector in one year, raising doubts about the world’s fastest growing economy.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.