No Trigger For Growth Recovery: Sonal Varma
  • Saba Ashraf
  • Aug 14 2013

August 14: Nomura has cut FY14 growth estimate to 4.9% due to the RBI’s response to the currency problem. What repercussions will the measures undertaken by the central bank have? Sonal Varma, ED and India Economist at Nomura Financial Advisory and Securities, says RBI liquidity tightening will erode credit quality and suppress capex cycle.