◆India to emerge from 'stagflation' over next few qtrs: Morgan
【New Delhi】The election results could be an "inflexion point" for India's story and the country's GDP is likely to accelerate to 6.8 per cent over the next two years, a Morgan Stanley report says. Inflation, on other hand, is expected to head towards 6 per cent, it added.
"We now feel more confident that India will emerge from the stagflation type of environment over the next few quarters," Morgan Stanley said. "The GDP growth is to accelerate by 210bps over the next 8 quarters to 6.8 per cent. Inflation will finally head towards RBI’s comfort zone of 6% over the next two years," it said in a research note. ○New govt must get stalled projects off the ground on priority: bankers
【Mumbai】Reviving stalled projects to kick-start the investment cycle, and removing bureaucratic hurdles for speedy decision-making should top the next government’s list of priorities, say bankers.
They also expect fiscal stability, a cut in the subsidy bill and improved governance and recapitalisation in public sector banks.
【News source】