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'RBI action on key interest rates will not hamper growth'

Last Updated: Tuesday, December 18, 2012 - 15:22

Bangalore: RBI's decision to keep key interest rates unchanged in its mid-quarter montetary policy review would not hamper growth, Genpact Vice Chairman Pramod Bhasin said here on Tuesday.

"I don't think so... Our industry does not directly depend on RBI rates. It depends on the impact of those rates on the economic environment around us, but I really feel in India that we are back on an upswing," he told reporters on the sidelines of the Third Knowledge and Professional Services Summit here.

He also said India has started to see the growth momentum which is an encouraging sign. "I just hope it is maintained right through up to the election. I hope the prospects of election does not deter us from this path," he added.

To a query on the overall picture on macro environment for the IT industry, Bhasin said the industry would do well, but it was not possible to say whether it would be a spectacular year with Europe going through "hard times" and US recovering slowly.

PTI

First Published: Tuesday, December 18, 2012 - 15:22
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