Commenting on the state of Indian economy, YM Deosthalee, CMD, L&T Finance Holdings Ltd told NDTV profit that the long term growth story for India is still intact. "The fourth quarter GDP numbers were shocking. The current account deficit will be a silver lining in FY13. We are expecting an urgency in policy announcements. The rupee's fall will hurt companies with large imports," he added. He expects the RBI to cut rates in the next few days.
