Monday, October 06, 2008
Indian growth outlook for 2008-09
See this slideshow by Mahesh Vyas at ICRIER, Sunil Jain's article in Business Standard about this, and the CMIE Monthly Review for September 2008.
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Whether the economy will grow over 8% or not, it's clear that the economy is consumption driven, not export driven. If only we can get the capital side of the equation corrected with internal savers funding business expansion via proper corporate debt market instead of buying unproductive gold and farm land and more and more flats as saving instruments, I think we would be in a better situation.
ReplyDeleteThis time Cmie's prediction of growth and stuff are going to be terribly wrong and way off.
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