For a return to 6% growth, business and investor confidence must rebound, earnings re-accelerate
Back from the overseas road shows, the finance minister exuded confidence that the economy would grow at 6% or so in 2013-14. How doable is that? The GDP grew sub-5% in the last quarter of 2012 and probably at a similar pace in the first quarter this year. For the momentum to accelerate, private investment must rebound and exports must recover. Neither is happening at the moment.