
Wednesday, August 25, 1999
RBI sees 6.5% GDP growth; exudes economic optimism
After years of cautious prognosis, the Reserve Bank of India has ushered in a mood of optimism on the economic front.
Low inflation not to impact interest rates
The Reserve Bank of India (RBI) has ruled out any possibility of bringing down the interest rates to kickstart growth even as the wholesale price index-based inflation level touched the 20-year low.
`E-commerce in India still 15-20 years away'
The revolution in information technology and communication systems will completely change the way companies do business in the new millenium but it could still take 15-20 years before e-commerce catches on in India, according to PM Sinha, chairman of Pepsico India Holdings.
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