‘Buoyancy is coming back, from here the downside is limited’
A Balasubramanian, CEO, Birla Sun Life AMC spoke to Sandeep Singh on the limited downside and hopes for a brighter year and market performance amidst several steps being taken by the government. Excerpts:
Do you see the reforms initiated by government enough to stimulate the economy? The rating agencies have been talking of downgrades.
Efforts are being put in the right direction, whether it is from the government, regulator or the industry, so that we overcome the current challenges and go on a growth path. We are at an inflexion point so any progress that will be seen on the recent reform announcement will probably see a take-off in the economy. The government is also focussing on containing their expenditure and, if implemented in the true spirit, then the benefits can be seen next year. The steps include petrol prices hike, diesel prices hike, cap on subsidised LPG cylinders. While S&P downgrade remains a threat, the efforts are being put in the right direction and I expect it will have a positive effect as we move forward.
How do you see the growth from here?
The buoyancy is coming back with the hope and from here the downside is limited. Most of the policies today are pro-economic growth and somewhere down the line we will start seeing the benefits. Stock
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