Indian Economy in U-Shaped Recovery: Mizuho Bank
Tirthankar Patnaik, chief strategist and head of research-India at Mizuho Bank, says India is in a U-shaped upcycle as it comes out of low aggregate demand conditions. While growth will be moderate for FY15 and a pick-up will be slower, the country is clearly poised to be the most attractive destination for foreign investors as other BRICS nations face slowdown.
