Brokerage firm Ambit Capital in a report released earlier this week downgraded India’s GDP growth forecast for the next six quarters.
According to the report, the cash crunch arising due to demonetisation is likely to bring down economic activity in the short term, with India’s GDP growth estimates for 2017-18 at 5.8 per cent as against 7.3 per cent projected earlier.
Talking to NDTV Profit, Saurabh Mukherjea, CEO, Institutional Equities, Ambit Capital, said the demonetisation has led to a structural change in the Indian economy which would bring the cost of capital in India to lowest in over a decade."The cost […]
Full Post at profit.ndtv.com