India’s battered economy could return to its glory days of growth above 8 percent, the chief financial officer of HDFC, one of India’s largest lenders, told CNBC.
“I really honestly believe that if the elections go well, in five years’ time, I see no reason why India cannot get back to 8 percent plus GDP (gross domestic product) numbers,” HDFC’s vice chairman & chief executive officer Keki Mistry told CNBC.
Economic growth in Asia’s third-largest economy has been stuck below 5 percent for the past seven quarters, a far cry from the days of over 9 percent enjoyed in the three fiscal years prior to the global financial crisis.
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