"Inflation is a destructive disease.
“Industrialists complain about high interest rate but we don't have a choice but to keep interest at high rate because inflation is high at 8 per cent," he said in the 8th R N Kao Memorial Lecture organised by Research and Analysis Wing in New Delhi.
While industrialists want an interest rate of about 5 per cent, a citizen would like the saving interest rate to be 10 per cent.
The mismatch
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