HomeNewsBusinessMarketsIndia may not see pickup in private capex cycle: JP Morgan

India may not see pickup in private capex cycle: JP Morgan

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.

February 23, 2011 / 09:54 IST
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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,
first published: Feb 22, 2011 02:36 pm

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