Speaking to CNBC-TV18's MS Unnikrishnan, MD & CEO of Thermax said Brexit will have short-term ramifications.
The Goods and Services Tax (GST) bill was considered low-hanging fruit among free-market reforms as it has rare bipartisan support. But it fell victim to a political impasse over allegations of impropriety against Modi's cabinet and party colleagues.
ABB's Bazmi says order enquiries have declined year-on-year, and that the government needs to do more for the power sector on the distribution side.
MS Unnikrishnan, managing director of the company is confindent of a double-digit growth of around 10 percent for FY15.
MS Unnikrishnan, managing director, Thermax says the positive Index of Industrial Production (IIP) numbers are indicative of improving economic sentiment in India.
In an interview to CNBC-TV18, MS Unnikrishnan, managing director, Thermax, gives his expectations for the company's performance.