So why is Kamath, who knows the Indian economy like none other, so hopeful about India?
Obviously, it is not merely because he is a 'positive' thinker. His logic is that the service sector's contribution to India's growth is around 60 per cent and that sector is still doing robust business.
Image: C B Bhave, Chairman, Securities and Exchange Board of India, spoke on ‘Shaping up regulations for developing and deepening financial markets’ at a seminar organised by Asia Society in New York on June 24.
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