Expect slowdown in realty, stress in banking system: Neelkanth

Neelkanth Mishra of Credit Suisse says the momentous changes of 2016, both local and global, have not played out fully yet, and there continue to be significant policy risks and uncertainty.

He expects a slowdown in real estate and continued stress in the banking system to hurt growth for longer than current market expectations.

The start of GST will also be disruptive for a few quarters, he feels. According to Mishra, the recent rate cuts may not revive credit growth for several quarters.

He also believes there are limited avenues available to the government to provide a fast acting stimulus.