The fortnight’s burning question. Do the Q4 results indicate that the downturn is over?
Maybe. Chandrajit Banerjee, Director General, CII
It’s too early to say if an economic revival is imminent. In recent times, however, there are some signs of improvement. The fiscal stimulus packages announced by the government have yielded desired results in quite a few sectors, including automobile, FMCG and IT. The government has done a good job to arrest the impact of the global crisis.
No. Abheek Barua, Chief Economist, HDFC Bank
There are no clear indicators that the economy is undergoing a quick turnaround. There are a bevy of factors such as poor credit growth, dried-up investment pipeline and high lending rates that are affecting the country’s growth trajectory. Although we have seen the economy bottoming out in the last quarter, recovery will not be as dramatic as popularly believed.
No. Shankar Sharma, Vice Chairman, First Global
The evidence of the recovery is patchy. We have seen some improvement in the results last quarter. Nevertheless, there are still a large number of companies who came out with a bad set of numbers. A revival is possible, only if the real benefits of fiscal measures are passed on to India Inc.
—Manu Kaushik
