Subdued investments in FY20: Ashu Suyash, Crisil

Ashu Suyash, MD at CRISIL, believes that in the next financial year, while the investment scenario is likely to remain subdued this fiscal year, corporate earnings may improve in the coming quarters as demand picks up. In her interaction with media she cited slowing global growth, falling trade intensity and uncertainties stemming from trade conflict as the reasons for India’s slowdown.

On the brighter side, however, she spoke about a recovery of the economy: “An easing monetary policy, improved transmission of rate cuts, expected large spends on infrastructure and the government’s minimum income support scheme for farmers would feed into consumption. The recently announced steps by the finance minister will also address some pain points and support sentiment”.