Nitin Raheja of Rada Advisors joins CNBC-TV18 to opine on the factors that are directing growth in India. He says that RBI's push to use monetary tools to control inflation is hitting growth, but more importantly, affecting the capex side of industries. However, consumption demand remains strong.
Below is the edited transcript of the interview. Also watch the accompanying videos. Q: Taking from Lokayuta report being held in abeyance being asked to investigate the past eight years, what is the sense you are getting of capital expenditure? Do you think that 2012-13 is going to see the impact of slowdown in growth to less than 8%?A: I think so. Very clearly, the capex cycle which has stalled seems to show no sign of coming out at this point in time. It is going to have more of a back-ended result. The most important point raised by industry as well NBFCs is that on the one hand, RBI is trying to cool inflation and using monetary policy as a tool to do that, but that doesn
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