Growth may have bottomed out; but high inflation to persist: Deutsche Bank
By Ira Dugal | Published On: October 16, 2012 10:35 (IST) | Duration: 11 min, 35 sec
Growth in the Indian economy may have bottomed out, but inflation will remain a persistent problem, says Taimur Baig, Chief Economist at Deutsche bank. He further does not expect inflation to slip below 7-7.5% in the next few months, a factor which will limit room for the RBI to cut rates. However, Mr Baig feels that growth can still revive to 6.5-7% if the govt continues to take measures to revive investment.