Growth may return to 9% if India ticks all the right boxes: Aditya Puri

Growth may return to 9% if India ticks all the right boxes: Aditya Puri

• By Staff Writer

Growth may return to 9% if India ticks all the right boxes: Aditya Puri

Mumbai: India’s economic recovery has been swift since the unlock began — with cars, motorcycle, and television sets flying off the shelves — holding out promise of a return to 9% economic growth if the administration executes flawlessly on policy decisions, said Aditya Puri, the outgoing chief executive of HDFC Bank NSE 1.86 %.

Indian economy is rebounding with zooming sales in select sectors after shrinking 23.9% in the first quarter. While the rebound is patchy, it may still help the country to end the year with a 9.5% contraction, according to Reserve Bank of India (RBI) projections. “From the time since unlock has started we are seeing recovery,” said Puri. “Someone is at 75%, somebody is at 85% and 90% across large sections of the economy

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