Skip to Navigation Skip to Main Content Contact us
Skip to Navigation Skip to Main Content Contact us
  • The Indian Economy Has Itself to Blame

    Note by Rajeev Thakkar in Forbes India, October 4, 2013

       read ( words)

    The economy may stay in the doldrums in the foreseeable future but the Indian markets appear to be clawing their way out. The question now is: What can spoil sentiment again—do we need to worry about external global events (tapering of bond purchases by the US Federal Reserve, unrest in Syria) or the economic policies followed by India? Forbes India asks fund managers for their take.

    The Indian Economy Has Itself to Blame: Rajeev ThakkarThe QE taper has caused debt capital to leave emerging markets and has led to weakening of currencies and rise in interest rates. Spike in oil prices on account of Syria will also cause pain. Red tape, corruption and higher deficits on account of increased social entitlement spends are responsible for lower growth. However, the hubris of corporates in 2006-07, when there was excessive leverage and overambitious projects, is equally responsible for the pain the economy is going through.
    Rajeev Thakkar,
    Chief Investment Officer, PPFAS Asset Management

    The original article could be seen here.

    comments powered by Disqus

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    © 2019 PPFAS Asset Management Private Limited. All rights reserved.
    Sponsor: Parag Parikh Financial Advisory Services Private Limited. [CIN: U67190MH1992PTC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN: U65100MH2011PTC220623]