Downward bias on growth persists: India Ratings
Dr Devendra Pant, chief economist at India Ratings, says that the IMF growth forecast cut comes during the turmoil in the rupee, which will have an impact on infation and on the subsidy bill. He indicates that there are enough reasons for the downward bias to persist on the growth front. However, he also indicates there's a bit too much pessimism about India right now.
