Raamdeo Agrawal: Earnings growth may drop
Raamdeo Agrawal expects earnings for Q4FY13 to be lower compared to Q4FY12. Business environment remains difficult and the revival in corporate earnings is likely to take some time. The RBI should cut rates to help spur growth and economic revival. However, recent developments in Cyprus are going to have some impact on global investor confidence and quality of flows.
