Media enquiries
should be directed to: (Please use this contact for media
enquiries only ).
Dr. Pragnya Ram
Group Executive President
Corporate Communications
Aditya Birla Management Corporation Private Limited
Aditya Birla Centre
1st Floor, 'C' Wing
S.K. Ahire Marg
Worli
Mumbai 400 030.
Aditya Birla Group Chairman, Mr. Kumar Mangalam
Birla in an interview with India Today.
Is
the rise in markets and faint glimmer
of feelgood factor for real or an illusion?
Stock
markets have already expressed euphoria
about the election results. In a sense
there may be a correction in the earlier
over-pessimism. I think market sentiment
reflects the confidence of investors
in policy makers to guide India back
towards high growth.
Can
we say the worst is over for India?
Definitely.
Things appear to be bottoming out for
cyclically driven industries like automobiles.
Export-driven sectors may need more
time to get out of the woods.
Can
the revival of growth in India be decoupled
from global horror stories?
India’s
growth is mainly driven by domestic
consumption coupled with structural
factors like demography and productivity
improvement, so it is not as pained
as other economies.
When
do you expect the Indian economy to
turn around?
My
sense is that this will happen in another
two to three quarters.
Are
there any signs you would watch out
for to signal the return of growth?
The
key signal to watch is a shift in confidence
levels, not only among investors but
also among consumers and businesses.The
“purchasing managers’ index”
reveals that things are moving in the
right direction.
Three
steps the government must take
::
Rev
up spending on infrastructure
— it creates public goods,
jobs and provides a handsome return
on fiscal spending.
::
Focus on education, go beyond
NREGA to teach people sustainable
livelihood.
Stock
markets have already expressed euphoria
about the election results. In a sense
there may be a correction in the earlier
over-pessimism. I think market sentiment
reflects the confidence of investors
in policy makers to guide India back
towards high growth.
