Business Standard

Growing optimism

Related News

Pessimism about India’s growth may be rife but not for and Chairman K V Kamath. He feels India’s economy will grow at 10 per cent over the next decade. At a recent seminar he said this growth will have three constituents. “The first is the eight to 8.5 per cent estimated by different government agencies based on official data. This is what I call the recorded number. Second, there is a lot of growth that gets lost due to inefficiencies in our data collection mechanism, largely omissions. This is what I call the uncounted number. This could come to around one per cent. Third, there is growth that is not recorded in the system. This is what I call the unaccounted number and this will come to another one per cent,” Kamath said, adding, “I am a bull on the India story. This decade is ours to lose.”

Read more on:   
|
|

Growing optimism

Pessimism about India’s growth may be rife but not for ICICI Bank and Infosys Chairman K V Kamath. He feels India’s economy will grow at 10 per cent over the next decade. At a recent seminar he said this growth will have three constituents. “The first is the eight to 8.5 per cent estimated by different government agencies based on official data. This is what I call the recorded number. Second, there is a lot of growth that gets lost due to inefficiencies in our data collection mechanism, largely omissions. This is what I call the uncounted number. This could come to around one per cent. Third, there is growth that is not recorded in the system. This is what I call the unaccounted number and this will come to another one per cent,” Kamath said, adding, “I am a bull on the India story. This decade is ours to lose.

Pessimism about India’s growth may be rife but not for and Chairman K V Kamath. He feels India’s economy will grow at 10 per cent over the next decade. At a recent seminar he said this growth will have three constituents. “The first is the eight to 8.5 per cent estimated by different government agencies based on official data. This is what I call the recorded number. Second, there is a lot of growth that gets lost due to inefficiencies in our data collection mechanism, largely omissions. This is what I call the uncounted number. This could come to around one per cent. Third, there is growth that is not recorded in the system. This is what I call the unaccounted number and this will come to another one per cent,” Kamath said, adding, “I am a bull on the India story. This decade is ours to lose.”

image

Read More

Fruitful decision

After inaugurating the Centralised Processing Cell (CPC) for Tax Deducted at Source in Ghaziabad last week, Finance Minister P Chidambaram planted a ...

Recommended for you

Advertisements

Quick Links

Financial X-Ray Rss icon

ICICI Bank: Asset quality stress bottoming?

Even as the headline asset quality ratios have risen, net additions to stressed loans have moderated

Infy's Q4 revenue growth lags peers

Sets ambitious 10-12% growth target for FY16 and $20 bn by 2020

Back to Top