Major Economic Change Unlikely Before Elections: Peter Elston
  • Saba Ashraf
  • Aug 16 2013

August 16: Peter Elston, Head of Asia Pacific Strategy & Asset Allocation at Aberdeen Asset Management Asia, says the reason for rupee depreciation is the limited domestic investment opportunities, weak growth prospects and policy reforms not coming through. “The Indian economy is unlikely to see any major changes till elections next year,” he adds.