If I look at the micro data from autos, HFCs as well as liquidity, what do you think is happening to FMCG sales? All of them are pointing to acute pain for the economy because these are lead indicators which tell you that slowdown is here. So, why should we be bullish?
We should be bullish because if you know the cause of a particular slowdown, then you are prepared for it and you can act on it. The worry is when things happen unexpectedly like the global financial crisis, li ..