Hike in CRR may slow down growth:AIAI

Mumbai, Apr 5 (UNI) The recent hike in Cash Reserve Ratio(CRR) and interest rates will slow down the envisaged economic growth of the country said, Mr Vijay Kalantri, President, All India Association of Industries (AIAI) here today.

Mr Kalantri feels that tightening the liquidity may also affect the small scale industries adversely, as it is especially the small scale industry which is suffering from lack of timely and inadequate finance.

The present liquidity crunch may also affect the Infrastructure projects as they depend on funds from bank, financial institutions and capital markets, he added.

UNI