Global headwinds to slow down India's GDP growth: HDFC Chairman

Global headwinds to slow down India's GDP growth: HDFC Chairman

• By Staff Writer

HDFC Chairman Deepak Parekh said that global headwinds are likely to slow down India's GDP growth. He, however, added that the country has proved to be more resilient than many large economies. Speaking on startups, Parekh said, "Many investors still have plenty of dry powder for good...ideas, but the days of cash burn and high valuations are behind us."