Nicolas Aguzin, chairman and chief executive officer, JP Morgan Asia-Pacific said that India has been riding a wave to unlock efficiency that originates from micro-economic models including those from newer sectors. India’s GDP growth numbers were described as ‘world-beating’.
In an interview to BloombergQuint, he was quoted saying, “India’s growth over eight per cent with relatively low inflation merits attention. Newer sectors that weren’t easy to track in the past are being considered. We don’t account for those efficiencies.”
He added that despite the impact of US-China trade war, India’s underlying economic structures stand solid even today. In India, we tend to overestimate the impact of inflation and underestimate the growth, he said.
He also emphasised on the fact that there is a need to hold trilateral talks between US, India and China to resolve the current tensions over trade.
As per the report, Aguzin commented that India overestimates inflation’s impact and under-estimates growth. He also stated that in the end, the numbers end up working out “pretty well”.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.