RBI measures inadequate to spur growth: JSPL
By Ira Dugal | Published On: September 17, 2012 13:30 (IST) | Duration: 4 min, 45 sec
The RBI measures to add liquidity but not reduce rates are not enough to spur growth in core sectors like steel, according to Sushil Maroo, Director & Group CFO, JSPL. He expects the steel sector to continue facing a tough operating environment in the months ahead. He adds that inventory levels across the sector are rising due to lack of adequate demand in the economy.