For corporate India, there seems to be just one villain in the worsening India story: The government.
A poll of 20 respondents comprising leading CEOs, bankers, market players and economists paints quite a grim picture.
An overwhelming majority of the respondents said the Indian economy was heading for an unprecedented crisis due to mismanagement, lack of reforms, weak political leadership and policy paralysis that had led to infrastructural bottlenecks and stalled projects.
On the rupee, a majority said it would weaken by more than five per cent by the end of the year but interest rates would either fall or remain unchanged.
The safe places to park money in these volatile times were specific stocks and bank fixed deposits, the poll showed.
Text: Dev Chatterjee, Clifford Alvares, Business Standard
Cartoons: Satish Acharya