I find it baffling that Deepak sees nothing wrong with economy. Private consumption is and has been anemic for a while now and private capex has never really kicked off strongly. Govt spending was the primary driver of GDP in the last 2 years and that has now moderated to high single digit growth.
Your assessment is correct with regards to indian economy but it doesn't reflect entire framework of economy.indian economy is largely driven by services and its share is constantly rising.
these people just keep repeating the same thing and call it Perspective
I find it baffling that Deepak sees nothing wrong with economy. Private consumption is and has been anemic for a while now and private capex has never really kicked off strongly. Govt spending was the primary driver of GDP in the last 2 years and that has now moderated to high single digit growth.
Your assessment is correct with regards to indian economy but it doesn't reflect entire framework of economy.indian economy is largely driven by services and its share is constantly rising.