HDFC chief sees green shoots all around, investment cycle reviving

The economic survey has pegged growth at 7-7.5 per cent for FY19

Noted banker and HDFC chairman Deepak Parekh has said the economy has bottomed out and that he sees the beginning of private investment coming in going forward.
 

Finance minister Arun Jaitley had said in the Budget that the economy was on course to achieve high growth north of 8 per cent though the economic survey projected on 7.7.5 per cent while the Reserve Bank has pegged it even lower for FY19.

"The worst is over. We had major transformative reforms. Any economy will suffer when you have GST, demonetisation, real estate regulator or IBC. Such reforms do create short-term pains but