Agencies
Mumbai, Nov 8: Bullish over robust fundamentals and improving macroeconomic conditions, industry leader Deepak Parekh on Saturday said India currently has "exceptionally good conditions" in place to aspire for 10 per cent economic growth but much needs to be done to achieve that target.
While stating that a 10 per cent GDP growth was certainly achievable, Parekh, however, said he would not "hazard a guess" on the time frame for achieving a double-digit growth.
"I try and think back and I can't recall any other instance than now when India had rising stock markets, falling oil prices and a stable, majority government all at the same time. "These are exceptionally good conditions to once again lay the foundation for the much-aspired 10% GDP growth for India," he said while speaking at the ISB Capital Markets Conclave here. |
