Economy path: GDP growth can cross 8% if India Inc ramps up...

Economy path: GDP growth can cross 8% if India Inc ramps up investments, says former RBI deputy governor Michael Patra

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Michael Patra highlighted corporate India's insufficient investment as a hurdle to exceeding 8% growth. Demand uncertainty deters firms, while consumption and investment could create a virtuous cycle. He defended rate hikes for stability, suggested MPC expansion, and stressed labor market reforms, climate change mitigation, and global integration for sustained growth.

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