Is the worst over for the Indian economy? Here are responses from some of India’s top CEOs, featured in the June 8 issue of India Today:
Kumar Mangalam Birla, chairman, AV Birla Group: Things appear to be bottoming out for cyclically driven industries like automobiles.
Pawan Munjal, MD & CEO, Hero Honda Motors: Since we have a stable government at the centre, it would be safe to say that the worst is over…
Venu Srinivasan, chairman, TVS Motors & CII President: Yes, we can say we have hit the bottom, and while we may take time – till September – to get out, we could look at 6% growth at the end of the year.
Anand Mahindra, Vice-Chairman & MD, Mahindra Group: For India – the domestic economy – the worst is clearly over.
Sunil Mittal, Chairman & MD, Bharti Airtel: Yes, certainly. The issue was always about incremental growth. The economy is certainly reviving and should gather pace in the coming months.
Deepak Parekh, chairman, HDFC: Yes, the worst is over. I don’t think we will have another situation like last October.
Adi Godrej, chairman, Godrej Group: Yes, the worst is over for India.
Azim Premji, Chairman, Wipro Technologies: The trajectory is changing from downward sloping to flat.
K V Kamath, chairman, ICICI Bank: Very clearly the worst is over for India. The evidence is the feel good factor and business confidence.
Rahul Bajaj, chairman, Bajaj Auto: Probably yes, though 2009 will continue to be a difficult year for the industry.