30 Oct 2018

Forbes

Despite being the world’s fastest growing major economy, India is having trouble in mustering enough ammunition to sustain its momentum. The economy it seems is running out of cash and systemic liquidity has fallen much faster than anticipated. As things stand today, the liquidity situation is grim and requires a serious rethinking. The central bank is expected to take evasive steps to calm the system – the costs may however be underestimated at the moment.