StanChart: Real growth “very elusive”

Mumbai:  India’s real growth remains “very elusive” and markets have “resigned” to a slower recovery, while foreign investors are still optimistic for want of alternatives, British major Standard Chartered has said.   “A lot of macro parameters have improved for sure, but growth has been very elusive. The high new GDP numbers are puzzling. But on other active parameters, things still look to be challenging,” Standard Chartered Managing Director and Regional Research Head for South Asia Samiran Chakraborty told PTI.           A revision in the computation of GDP growth showed growth of 6.9 percent in FY 2014 from the earlier 5 per cent.