Nirmal Jain of IIFL says the measures taken by the market regulators to bring in some semblance of stability are only temporary and the government needs to take corrective policy decisions to boost the market sentiment.
We have to continue to persevering on increasing the growth rate, which is unsatisfactory at 4.8%, says Raghuram Rajan, chief economic advisor. But he feels corrrective measures taken will increase growth.
The government is looking to take corrective measures to improve industrial output, Finance Minister Pranab Mukherjee said on Wednesday.