Zinnov has presented a positive outlook on the Indian economy as opposed to the sentiments that are doing rounds in the industry. Close on the heels of, and in striking contrast to Fitch’s recent downgrade of India’s credit rating outlook to negative, Zinnov believes this to be a momentary phase and showcased reasons for it to be a promising decade.
Praveen Bhadada, Director- Market Expansion, Zinnov, said, “India is no longer an emerging market but a happening one, where such market ups & downs should be acceptable. Both multinationals as well as Indian companies aspiring for growth should continue to take focus on the long-term view, with which they established their presence in country.
“While quarterly numbers are important, it is also equally essential to focus on market creation activities and opportunity realization to reap benefits in the next five-year horizon. With the rapidly growing internet and mobile user base and increasing demand for services through new technology challenges, investors should not be deterred by a temporary phase when the fundamentals continue to remain strong,” he further added.
