According to the global financial services major, although reforms over the past year have caused disruptions that will likely mean lower growth rates in the near term, they should allow India to unleash more of its undoubted potential over the medium term.
US dollar is strengthening and global growth is also picking up. Does this spell bad news for Indian market. Global analyst Geoff Lewis says emerging markets will have a good year and India will be a favourable destination for investors.
World‘s largest forging company, Bharat Forge, yesterday reported a weak set of numbers. But, company‘s Executive Director, Amit Kalyani believes that the downturn has ended and the company is back on growth trajectory.
Making a pitch for cashless transactions, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today said there has been a phenomenal growth of about 25 per cent in digital payments for buying petroleum products at petrol pumps across the country post demonetisation.
Speaking to CNBC-TV18, K Ullas Kamath, Joint MD and CFO of Jyothy Laboratories said, growth is still not there in the wholesale market.
S&P's affirmation of negative outlook on Indian economy signals that it is not on ‘road to recovery‘ as perceived by the market.
It has been long since Indian companies had hit the alarm button of a growth slowdown and now here it is. Its official that Indian economy is not growing but infact has contracted to a 28-month low of negative 5.1% in October.