In an exclusive interview to NDTV, C Rangarajan, former Governor of the Reserve Bank of India (RBI) and currently the chairman of India’s Prime Minister’s Economic Advisory Council, says it is going to be a U-shaped economic recovery where we will see periods of economic stagnation. He further said in 2010 there could be some stimulus withdrawal.
In the short term, the conflict between inflation and growth always exists. As of now, there is no case for raising interest rates, at least till inflation is below 5%. The food price pressure will remain for the next 2-3 months.
Rangarajan sees price pressures due to inflation from growth, and oil prices will play a key role. 9% GDP growth for India is possible after the world economy has come out of recession in FY 2011-2012 by when the global trade will pick up.
Alpha Neuron has expertise in Business Planning, Business Valuation, Business Buying and Selling, M&A, Startup Funding and Strategic Equity Investments.
Our work is backed by is a strong base of real-life business challenges and solutions. The quality of your decisions improves with experience, but that also means making mistakes as you go along. With Alpha Neuron’s help in business decision making, you can shave off some mistakes and add them to your list of successful decisions.
To help business owners and managers, we have prepared a few packages to solve specific business problems. For example, to increase sales, cut costs, create JVs, or improve team morale which has a direct bearing on productivity and profitability. Website: AlphaNeuron.com
For those are who have been following it, the Indian Cement Industry is rocking. It has been one of the best performers in fundamentals and also in the stock markets.
Vallabh Bhansali of Enam Securities comments on the proposed demerger of Grasim’s cement business and formation of a wholly owned subsidiary called Samruddhi Cements, which will ultimately get merged with Ultratech Cement, which is also part of AV Birla Group like Grasim.
Ultratech has shareholding in it by rival Larsen & Toubro, so that could be a reason why a direct transfer into Ultratech is not being done.