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India’s GDP growth will slowdown due to global headwinds, says Deepak Parekh

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Though India is not immune to global shocks, it has proved to be more resilient than many larger economies, HDFC Ltd’s Chairman Deepak Parekh said on Saturday. “For sure, India’s GDP growth will slowdown because of global headwinds. “But India has enough of tailwinds with political stability, vaccine security, food security, a robust domestic consumption based economy,” Parekh said. The country has leap-frogged on digitalisation initiatives and it has a robust regulatory system for the financial sector, he said, while speaking at the silver jubilee celebration of management institute SPJIMR’s Centre for Family Business and Entrepreneurship (CFBE). Union minister for…

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