Indian Bank HUDC Expects GDP To Hit 8% In 5 Years

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.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu