India in a difficult not impossible situation: Raghuram Rajan
Rajan emphasised the need to boost investments and savings rate. "We need to revamp national spending," he said. India lost 10% share in global BPO mkt to China, Brazil in 5 years
Countries like Malaysia, China and the Philippines in Asia are posing a significant threat to Indian BPO industry. Etihad buys Heathrow slots from Jet Airways for $70 million
Etihad, which is in talks with Jet on possibly taking a stake in the firm, said discussions about further investment were continuing.
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