India Inc: all may not be well, but growth story is still intact

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India. The global scenario is however discomforting. If the US financial crisis is short-lived (as is expected to be) we can get rid of the tab of being a predominantly domestically driven economy. The increased regional trade within Asia will also offset the adverse impact of demand slowdown in the US. In this scenario the risk appetite of US investors and hence capital flows from the US to India is likely to remain strong. But a prolonged slowdown in the US will impact our growth as well as the capital flows and hence will be bad news for the markets. We believe that there is a low probability of this scenario panning out”....