Suresh Soni, CEO, DHFL Pramerica Asset Managers, talks about the RBI rate cuts, pay commission payout, impact of good monsoons, and more.
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00:00 (upbeat music)
00:02 - See, overall, economic performance has stabilized
00:13 over the last couple of years and is beginning to improve.
00:16 In the last quarter, as well as from now on,
00:19 our expectations are that we would see
00:22 probably corporate profitability
00:24 growing by about 10 to 12%.
00:27 The factors that you mentioned, like strong months
00:30 and as well as pay commission,
00:32 can help in reviving the demand
00:34 or lead to a fill up in demand
00:36 for the consumer discretionary sector or automobile sector.
00:41 Those are indeed the areas where we have been positive
00:43 and we are looking for further growth in those areas.
00:46 So overall, I think the environment is good,
00:48 but at the same time, is it a springboard?
00:51 I think that's probably a very strong word to use.
00:53 I would expect a disnable growth rate to happen,
00:58 as well as some of these factors to help
01:02 lead to a stronger demand going forward.
01:04 (upbeat music)
01:07 (upbeat music)