Thursday, September 15, 2011

Indian companies have sufficient fund to meet expansion needs despite the central bank's aggressive rate stance and a worsening global economic environment, banking legend KV Kamath said.

"Corporate India continues to generate enough cash to meet its growth projections. Large parts of the economy can fund itself," Kamath told as many as 250 global and local fund managers at IDFC's India Investors Conference. "I don't see a significant slowing down in services sectors, wage increases remain strong and will be out of line with inflation."

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