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A forgettable year

A forgettable year

On the one hand, they have seen rising interest rates increasing the cost of raising funds, and on the other, they are facing a squeeze in cheaper and alternative sources of credit from overseas markets.

Not surprisingly, this has resulted in a fall in investment levels in the economy, with obvious implications on growth.

Graphics by Sandeep Bhatnagar/Mint

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Also Read | Funding woes of Indian companies

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