“On Tuesday, traders were rattled after Subbarao said the central bank would return to a pro-growth monetary stance only once the currency stabilised. Separately, Finance Minister P. Chidambaram said the government was looking into liberalising foreign direct investment rules, attracting funds from non-resident Indians and clamping down on the import of non-essential items such as electronics. ‘There’s no rocket science in manufacturing basic electronic hardware … So we can manufacture electronic hardware goods here,’ he told a news conference in New Delhi.”
formerly/http://www.nytimes.com/reuters/2013/07/31/business/31reuters-india-economy.html
