"From a long-term perspective, we continue to have a positive outlook on emerging economies. We believe that emerging stock markets could be much larger than they are today, and over the long term, their combined value could potentially exceed the combined value of the U.S., Japanese and European equity markets."
Mark Mobius
ED, Templeton Emerging Markets Group
"The IT industry is operating in a much tougher environment than it was, because when you combine the difficult days in the U.S. & Europe, it's a double whammy as these are two major economies which we have been traditionally exporting significantly and the fact that the economy has not been improving as fast as people would have liked has made the corporate leaders even more wary of spending on capex."
NR Narayana Murthy
Chairman Emeritus, Infosys
"When we began our Budget exercise in January 2010, we thought we will grow by 9% [2011-12]. But oil prices went up from $90 to $110 and not really coming down the way we were expecting. A bit of this to my mind is to do with major change in global scenario...What is happening in the world you get one crisis after another. 2008 and now we are standing on the brink of another one 2012."
Kaushik Basu
Chief Economic Adviser
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