by Chetan Ahya An accerleration in GDP growth over the last two years to 7% pa has been one of the key factors focusing investors’ attention on India. Although we have been positive on India’s long-term growth outlook, we believe that the recent acceleration in growth was driven largely by cyclical external stimulus. Given that these favourable global factors now appear to be reversing, we believe India will face a pullback over the next 12 months in the form of a slowdown in growth and tightening liquidity conditions. Click here for the complete article

Posted by toughiee on Wednesday, January 04, 2006 at 11:45 AM | Permalink