Even though there is positivity about 2013, all the 10 financial sector experts Mint Money spoke to said the gross domestic product was expected to be around 6%, around a percentage point lower than what was estimated at the beginning of 2012 in a similar Mint Money survey. However, positive anticipation is clearly visible on inflation, interest rates and renewed interest in the equity market. The inflation projection has narrowed down to one percentage point—between 6.5% and 7.5%—from last year’s 6-8%. Experts are almost unanimous on the possibility of a rate cut and the fact that the equity asset class will outperform all others.
Money and you in 2013
Experts say that there will be rate cuts and the equity asset class will outperform.