India firing on most cylinders; double digit real GDP growth possible: Ashutosh Bishnoi

india firing on most cylinders double digit real gdp growth possible ashutosh bishnoi

Sumary of India firing on most cylinders; double digit real GDP growth possible: Ashutosh Bishnoi:

  • Our own book has more than doubled in the last one year and that is saying something which is counting the pandemic.
  • Finally, one has to see how fast is the response to taming of the supply side inflationary pressures.
  • Supply side inflationary pressure is not something that most policy makers like to address directly through a rate hike because that can cause stagflation issues.
  • India is being seen as a country that is ahead of most other countries on all four counts in terms of the recovery and our expectation that we might see a double digit real GDP growth rate.
  • But if we look at the quantum of tapering now, quite clearly this is not going to affect the liquidity as much as the expectation that the growth will absorb the liquidity.
  • We have tremendous benefits coming in for the manufacturing space including low taxes and all kinds of incentives.
  • Our own book has more than doubled in the last one year and that is saying something which is counting the pandemic.

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