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PRADIP SHAH

CEO, Ind-Asia Fund, Mumbai (this is affiliated to business interests of investor George Soros)

Pradip Shah"The disappointment is the rate of growth (of the economy) and the deficit--it has gone too high. One continues to see slackness of demand. Bold measures are needed to stimulate demand, managing inflation through supply-side economics if it rears up.

"Let’s be a little expansive on expenditure and spend on infrastructure and plan projects, while at the same time reducing excise rates on end products in industry to trigger demand, like automobiles, textiles, or steel. Let the consumption expenditure increase and demand be stimulated to keep inventories moving. This will trigger the virtual cycle of buoyancy in demand, investment and stock markets and therefore, growth."

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