Slow Pace Of Reforms Hurting Rupee: Peter Elston
  • Saba Ashraf
  • Aug 16 2013

August 16: India has seen a downtrend in markets and several policy measures, but is there a silver lining? “India’s long-term picture is very positive, but the short to medium term growth is an issue,” says Peter Elston, Head of Asia Pacific Strategy & Asset Allocation at Aberdeen Asset Management Asia. India is in a better situation to deal with its issues now, he says, adding that 5-6% growth is okay in a slowing environment.