The market scenariio is definitely not showing this.Automobile sales are down and so are capital goods and FMCG. Where is the 10%q2 YOY growth coming from???
Who is citigroup these are the foreigner who looted us & now telling Q2 growth likely to be over 1o%. Has their father forecasted like these prieictions.
I dont think Indian Q2 growth will be over 10% as Citi Group Claims because the public spending of government has not increased & there is steep fall of over all consumer demand. And infact the recent decisions so called serious steps to revive economy will hurt the economy in long term since they destroy SME`s in phases hence exponentially increase the differences in distribution of wealth.