Mumbai: Liquidity alone will not be able revive economic activity. No matter how low interest rates are, there has to be someone who is willing to borrow and engage in productive activities. And that ‘someone’ is missing now. The uncertainty in the global economy is making businessmen, consumers and investors wary of making fresh investments or purchases.
Add to this the unfolding debt crisis in Europe, political paralysis in the US (the Congress has just shot-down the spending bill- and
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