What ‘investment climate’ is all about

India’s economy is growing much below its potential in the last two years. It clocked a growth of 6.2 per cent in 2011-12 and 5 per cent in 2012-13. There is consensus amongst policymakers, analysts and academicians that the remedy to the economic woes lies in reviving the ‘investment cycle’. The tight monetary policy pursued by the RBI between March 2010 and April 2012 has been a deterrent to new investment activities.

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