Mangesh Kadam

XYZ Company Limited

On Friday, the Central Statistics Office said GDP is likely to grow by 4.9% in the year to March, marginally higher than the 4.5% in the previous fiscal. The first episode of two consecutive years of sub-5% growth since the mid-80s is sure to prompt calls from industry for cuts in interest rates. But industry may have to brace itself for a shock. Instead of rates coming down, they may move higher during 2014 and possibly beyond, as Reserve Bank of India (RBI) moves to implement parts ..