See growth revival in FY14: HSBC Global Research
The government measures announced recently could likely revive sentiment and help put a bottom to growth in India and could lead to a revival in the next fiscal year, says Leif Eskesen, Chief Economist for India & ASEAN, HSBC Global Research. Eskesen sees the measures announced by the government as positive for fund flows and the the investment environment. However, he does not see much scope for the reserve bank of India to cut rates as inflation remains a concern.
