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Varma also expressed "great concern" over a projected slowdown in India's growth this year, adding that the latest flare-up in the Middle East had not changed his argument for a rate cut.
In the Indian corporate banking scene, Citigroup's global head of corporate banking Jason Rekate highlighted the prominence of companies in infrastructure, pharmaceuticals, and automobiles. Rekate mentioned that these companies are set to make intriguing investments as they focus on shedding non-core but high-quality assets, as reported in an interview with Bhaskar Dutta.
In the Indian corporate banking scene, Citigroup's global head of corporate banking Jason Rekate highlighted the prominence of companies in infrastructure, pharmaceuticals, and automobiles. Rekate mentioned that these companies are set to make intriguing investments as they focus on shedding non-core but high-quality assets, as reported in an interview with Bhaskar Dutta.
Geopolitics dominates. It is the year of elections and that is going to have quite a big impact on the medium-term macroeconomic and other forces. Then you've also got transformative technologies where there are some countries which are on the front-foot in some sectors and others that may be a little bit sleepier on that front.
"The fiscal discipline of the government means that its expenditure would be a little controlled. We are hoping for a normal monsoon, so the agriculture sector will be okay. At 6.8%, India would still be the fastest-growing major economy," says Crisil CEO Amish Mehta