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'India not facing a deflationary threat'


 
23.03.2009

'India not facing a deflationary threat'


 

Кyiv, 23 march - SV Development. The economic slowdown has brought numerous questions with it, but very few answers. For example: How can you and the industry, both, cope with the rising job-loss? How long with this economic crisis last? What is the way ahead?

Dr Ajit Ranade discussed these issues with rediff readers during a chat on Friday. Dr Ranade is chief economist, Aditya Birla Group, a $29-billion conglomerate, with presence in more than 25 countries, in sectors ranging from metals, textiles, cement to insurance and telecom.

He was awarded the distinguished alumnus award last week by IIT-Bombay, on the occasion of IIT-B's golden jubilee celebration of its Foundation Day. He is currently the chairman of the IIT-Bombay Alumni Association and a member of IIT-B's advisory council and the senate.

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