And ultimately phase it out. Steps are being taken to dismantle the administered pricing mechanism in the petroleum sector by next year. Steps are being taken to phase out the retention price scheme of fertilisers too. Interest rates in India are among the highest in the world. We are trying to reduce interest rates to encourage investments like we have done in the agricultural sector.
Interest rates is only one factor for encouraging an environment conducive to investments.
If we are on our way to improving our industries, export and import policies, automatically business will prosper. But people have money but they are not ready to spend. There is so much of uncertainty in the market. That feel good-factor is not there. That is not correct.