The Indian economy is doing slightly better than others. But if you analyse the indicators growth would not be 8 per cent, what the government is claiming. I think the Indian economy is growing maximum 5 per cent per annum.
Look at the current economic environment, exports are not growing strongly, industrial production in the second half of last year was barely up. Hence, I don't think the economy is growing anywhere near 8 per cent. It may be growing at 5 per cent. But when I compare 5 per cent growth with 0 per cent or 1 per cent growth elsewhere in the world, this 5 per cent growth is very good.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
