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India Going Through Financial Emergency: Madhusudan Kela

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Aug 30: Today all the blame is being put on the government but you cannot blame them for everything, says Madhusudan Kela, Chief Investment Strategist at Reliance Capital. However, he agrees that the government needs to signal that it is serious about policy reforms. “Although India’s balance sheets are not stressed, we need large, out-of-the-box action from the authorities now,” he adds.