Is a Sensex of 30,000 well within reach?
Mr Aditya Puri, the CEO of HDFC Bank, one of India’s most profitable and respected financial institutions, beleaves that the Indian growth story will push the stock markets higher and a Sensex of well over 30,000 not far away. He argues that even with our existing economic and social problems, we can grow at 7.5%-8%, just the way we are doing currently.
He is miffed that most people are missing the enormous transformation that is taking place. The transformation that will turn the current growth rates into a very strong growth rate of 10%. Each of the evils plaguing India viz. infrastructure, subsidies and fiscal deficits are indeed being tackled and will yield the desired results as per him. he aslo feels that the country is likely to see significant policy momentum soon.
Mr Aditya Puri talks about all this and more in an exclusive interview he has given to Morgan Stanley. Click here to read is the full interview.
