Exclusive outtakes from industry leaders
Audio – Merrill’s Holland sees rural growth, infrastructure powering India’s economy
Rural development and rising investment in infrastructure will power economic growth in India to 10 percent over the next three years but the software and real estate sectors could suffer from a slowdown in the west and a rising rupee, Andrew Holland, managing director of DSP Merrill Lynch Ltd’s Strategic Risk Group told Reuters India Investment Summit on Wednesday. Holland, who has been in India more or less 10 years, expected the oil and gas sector to be one to watch and said power would get a boost from infrastructure spending.
To hear Holland’s comments, click on holland-rural-growth.mp3