India not decoupled from world and will face some slowdown: Deepak Parekh

It will be a $7.5 trillion economy within 5 years, says chairman of HDFC Ltd

India would remain one of the fastest-growing major economies but it is not decoupled from the world and will face some slowdown, HDFC Chairman Deepak Parekh said on Monday.

“I do believe India can grow from a $3.4 trillion economy to a $7.5 trillion one within the next five years. For India, it is the pace of growth that is exciting,” Parekh said at the World Congress for Accountants.

“India is not decoupled from the world and it, too, will face some slowdown. But there is a consensus across the board that India will still remain amongst the fastest-growing major economies in