Worst is over: Recovery, though slow, will happen

Chetan Ahya, MD of Morgan Stanley expects a broad-based recovery in the Indian economy going forward as he believes the worst of the macros has been priced in. “We expect a broad-based recovery where all the components of GDP including exports, capex, government spending, and consumption will all begin to turn gradually in the next four-six months. We have to wait for next four-six months to have some confidence that growth is bottoming out,” he says.