India Remains a Bright Spot Among Major Economies

The market's near-term disappointment is with respect to the absence of new liquidity measures. Vishal Kapoor, CEO, Bandhan AMC

- Ram Sahgal

India's economy might witness a significant slowdown in growth to 6.7% next fiscal from the spectacular 8.2% of the previous fiscal year. But this will still make it the fastest-growing major economy in a world riddled with "cataclysmic" events like the pandemic and conflicts in different geographies, which have slowed world GDP (gross domestic product) growth rates, says Vishal Kapoor, chief executive officer (CEO) of Bandhan AMC.

Edited excerpts:

The easing cycle has begun, but the stance is unchanged. Markets haven't been really excited by the Budget or the monetary policy outcome, as they were probably looking for a stance shift to accommodative and more announcements on system liquidity.