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:   
|
|

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 ...

Quick Links

Financial X-Ray Rss icon

TechM bets big on $41 bn network services market with LCC acquisition

Even as margins might be hit in the first year, analysts remain bullish on the LLC acquisition deal

Indian bonds' prices likely to sustain gains in coming months

RBI's mere acknowledgement of the easing inflationary situation is sufficient to push up bond prices

Back to Top