Advisory firm Zinnov Management Consulting said that contrary to Fitch’s recent downgrade of India’s credit rating outlook to negative, India has a rosy future.
Mr Praveen Bhadada, Director- Market Expansion, Zinnov said, “India is no longer an emerging market but a happening one, where such market ups and downs should be acceptable. Both multinationals as well as Indian companies aspiring for growth should continue to take focus on the long-term view, with which they established their presence in country.”
Zinnov said that India could benefit from exploding technology consumption and GST implementation, which will increase India’s GDP by 0.9 per cent to 1.7 per cent as per NCAER.