Martin’s article is always great learning. But IMF’s latest forecast of India’s GDP growth at 3.8% for current Fiscal FY13-14 is bit too pessimistic and without sound reasoning. It may not be 1 per cent more at 4.8% but it will certainly be more than 4.5%, far better than last qtr rate of 4.4pc as things are improving albeit slowly still second half of FY14, growth momentum will pick up. Further Rajan’s out of the box thinking in contrast to earlier governor’s textbook steps will certainly help India navigate better prepared in turbulent waters of global growth. Finally with incumbent Fed Chairperson Inflation dove Janet Yellen’s Fed tapering is expected to be more calibrated post December given current US jobless rate at 7.3pc and Inflation rate below 2.5pc,India’s currency stability and inflation moderation will help reduce Interest rate to kickstart investment and consumption resulting in better inclusive growth prospects with more job creation for restless India’s youth.
Posted on: Wed, 09 Oct 2013 07:21:16 +0000
Trending Topics
Recently Viewed Topics
© 2015