Economy on strong wicket, may grow at 7.5%: Aditya Puri

Speaking to CNBC-TV18 Aditya Puri, MD of HDFC Bank says GDP growth has started to move up for India and private investment will follow GDP growth as a natural corollary.

The economy is picking up, Puri said, adding that he expects economy to grow at about 7.5 percent. Private investment, according to him, is another delta that will lead to faster growth. Working capital demand is perking up; commercial vehicle demand is also on the mend. All these are indicators of upcoming growth, he said.

He said the government’s move to open up the bond market bodes well. Triple A-rated borrowers should move to the bond market, he said. “It is the right direction,” he said, adding that a lot more needs to be done.Watch accompanying video for more details.