'Worst is over; India to be on recovery path in 2-3 quarters'
Hindustan Times - Business, April 15, 2009, Page 19
NEW DELHI: The worst is over for India and in the next two to three quarters from now the economy would be on its path of recovery, global financial services major Macquarie said.
“We will see a slow recovery as we go forward,” Macquarie said. “The recent run-up (the Sensex is up 29 per cent since its low on March 9) does raise the risk of a near term correction, but does not detract from the likelihood of the economy having alre ady seen its worst and being on the way to recovery in 2-3 quarters from now,” it added.
Hindustan Times - Business, April 15, 2009, Page 19
NEW DELHI: The worst is over for India and in the next two to three quarters from now the economy would be on its path of recovery, global financial services major Macquarie said.
“We will see a slow recovery as we go forward,” Macquarie said. “The recent run-up (the Sensex is up 29 per cent since its low on March 9) does raise the risk of a near term correction, but does not detract from the likelihood of the economy having alre ady seen its worst and being on the way to recovery in 2-3 quarters from now,” it added.
Posts
No comments:
Post a Comment