Vice chairman and managing director of Mahindra & Mahindra, Anand Mahindra is confident that the current turmoil will not be as severe as the crisis in 2008. Mahindra is of the view that corporates and policy makers have learnt their lessons from the earlier recession and are now better prepared to face the global uncertainty.
CNBC-TV18's Menaka Doshi spoke to Anand Mahindra about how he perceives the market playing out on the back of all the negative macro news in the global environment. Below is a verbatim transcript of his interview. For complete details watch the accompanying video. Q: What do you make of the downgrading of the growth expectations of the global economy?
A: Clearly it
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