Recovery In Investment Will Take Time: Sumant Sinha
  • Elizabeth George
  • Sep 23 2013

September 23: Sumant Sinha, CEO and Chairman at ReNew Power, says the RBI move was not such a surprise; the FOMC not tapering was cue for RBI Governor Raghuram Rajan to take a stand against inflation. “A single rate cut will not push corporate to invest,” he says, adding that poor credit profiles, shrinking market caps and increasing NPAs leave no more capital to invest. “A number of factors need to come together to revive the investment cycle,” he adds.