Manufacturing Facing Immense Pressure: S. Narayan
  • Saba Ashraf
  • Aug 20 2013

August 20: Amid slow domestic growth, India Inc was looking to acquire overseas assets, which raised hopes that corporates will resume spending and revive the investment cycle. However, with the rupee dive and recent import curbs, this seems like a faraway dream. Manufacturing relies on imports, former finance secretary S. Narayan says, adding that the industry is facing immense pressure.