A few hiccups along the way notwithstanding, it’s more than likely that India is heading for lower interest rates for years to come, if not for decades. In fact, if one steps out of the ivory tower of economists and into the real life of savers, a huge amount of damage has already been done. A measly 2.5 - 3.5% on savings bank deposits and 5-7% on other deposits are going to be the normal from now on.
Edelweiss MF’s Trideep Bhattacharya: Inflows following earnings growth last longer
Read More