Reducing rates a painkiller, but not cure, says SPJIMR’s Narayan

Things aren’t looking great. The economy is hurting, consumption is not doing great, the investment cycle is nowhere to be seen, says Narayan The macro impact of what is happening to NBFCs and mutual funds has cut short the consumer leverage cycle and consumption, says Choudhary ‘Election and the slowdown has led to a dampening of market sentiment. But, over the medium term, we are optimistic on India and our categories.’

LONG STORY


We believe there is a signalling effect that needs to come through. The problem is that the market does not have a signal from the Reserve Bank of India (RBI) as to their explicit stated liquidity stance. What we think needs to happen is just like what...

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