 "Nirmal Jain, Chairman, IIFL Group")
Amid rising worry over slowing economic growth, Nirmal Jain, chairman of IIFL, the financial services group, tells Rajesh Bhayani that slowdown for a quarter or two is a small price to pay for the radical reforms implemented, as these would have a strongly positive impact on economic growth over the next five to 10 years. Edited excerpts:
The economy seems to have slowed with demonetisation and the goods & services tax (GST). How do you justify the high share valuations?
There is a lot of noise about economic slowdown caused by GST and demonetisation. No doubt, there is
The economy seems to have slowed with demonetisation and the goods & services tax (GST). How do you justify the high share valuations?
There is a lot of noise about economic slowdown caused by GST and demonetisation. No doubt, there is
