Kamath, who now chairs the government-promoted National Bank for Financing Infrastructure and Development (NaBFID), said that the government needs to reduce the litigation and concerns on tax laws at a greater speed.
India has good consumption demography, stable reformist political leadership and good entrepreneurial zeal, which have created great companies, so far, with better English language proficiency than China.
India's foreign direct investment is likely to cross USD 60 billion this year on favourable policy environment even as the FDI flows globally are set to witness a decline, says a UN economist
This budget I expect the Finance Minister to be driven by initiatives that address issues, which have proven and continue to exercise a detrimental effect on the broad–based economic growth of India.
Despite a lower GDP number the US markets have rallied at about 1-2% and strong earnings along with consumer sentiments have resulted in gains in the US Market. The European markets too were faring well yesterday. Bobby Rakhit, CEO, Inside Consulting talks about the global markets in an interview with CNBC-TV18.
In an interview to CNBC-TV18, Bobby Rakhit, CEO, Inside Consulting says the uncertainty will continue to play out in global markets for the next three months or so leading to some correction.
RVS Sridhar, senior VP Treasury of Axis Bank, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, spoke about the rupee movements off late and his strategy for the day.