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Eye on import substitution, mfg to help cut CAD: Kochhar

"India needs two structural changes, namely import substitution and growth of manufacturing sector. The country has high current account deficit. If, in addition to focussing on export growth, we can also focus on import substitution it will help in reducing the CAD," Kochhar, managing director and chief executive of ICICI Bank, said.

first published: Jul 1, 2013 10:33 pm

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