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Macro Problems Are Deep-Rooted & Long Term: Raamdeo Agrawal (2/2)

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Raamdeo Agrawal, Joint MD at Motilal Oswal Financial Services, believes markets are not confident about the government’s moves to revive the investment cycle. Macro problems are deep rooted and long term, he said in an exclusive interview with Bloomberg TV India. “India cannot have gaps in the current account deficit on a sustained basis,” he added. Proactive action from government does not meet expectations.