India Inc’s SOS to govt: Cut credit cost

Corporate leaders on Monday urged the government to reduce the cost of credit and spur flagging investment, which contributed to disappointing figures for economic growth in the three months to September. Commerce and Industry Minister Anand Sharma met heads of corporates and officials from the Federation of Indian Chambers of Commerce and Industry (Ficci) a week after government figures showed a 25.5 per cent fall in capital goods output, a measure of investment, in October from a year earlier.

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