Macro factors still weak; high inflation to persist: Kotak Mahindra
Shanti Ekambaram, president of wholesale banking at Kotak Mahindra Bank, thinks that despite the market rally and improvement in sentiment, macro-economic factors are still look quite troublesome with slow growth and high inflation. Ms Ekambaram further expects inflation to remain sticky and uncomfortably high for a while. The key, according to her, is the revival of the investment cycle which will still take some time.
