PMEAC chairman C Rangarajan has projected a 8.6% gross domestic product growth in FY11 and a 9% growth in the following fiscal. However, Sajjid Z Chinoy, Asia Economics, JP Morgan feels that given the high frequency indicators, it is very unlikely to see such pickup in the private capex cycle.
In an interview to CNBC-TV18, Chinoy said,Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!