Suresh Soni, CEO, DHFL Pramerica Asset Managers, shares his views on the risks that the industry faces over next 6-12 months.
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00:00 I think the economy overall is reasonably well placed currently.
00:14 We are seeing investment led growth, more of the let's say capex in the infrastructure
00:21 sector led growth.
00:22 We are not yet seeing industrial capex happening.
00:26 So in terms of the engines of the growth, we are seeing the consumers are doing reasonably
00:30 alright.
00:31 I think it's coming off from a slow pace and is beginning to pick up.
00:35 In terms of the capex, we see the infrastructure cycle picking up.
00:40 We are yet to see a meaningful jump in the industrial capex.
00:44 But I would imagine if we have the growth rate continuing for the next couple of years,
00:47 the industrialists would also have confidence as well as there would be a need for enhanced
00:52 industrial capex as well.
00:54 So overall I think the economy is reasonably well placed and we should see a continued
00:58 growth rate at a time when the global economic growth rate is particularly not so inspiring.
01:03 So India remains that way, a favoured destination and is continuing to see a strong growth momentum
01:10 in a world which is essentially left with virtually no growth elsewhere.
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