In two to three months the economy will improve: the corporate world

New Delhi, Jan 27, 2020, Monday

The corporate world is optimistic that the economy will improve in the next two to three months.

Talking to the media on Republic Day, Mahindra & Mahindra Managing Director Pawan Goenka and SpiceJet Chairman Ajay Singh expressed optimism about the bright future.

Pavan Goenka said that despite the sluggishness of the economy, there was a positive outlook. December was better than we expected. Still sluggish, but the situation seems to be slowly changing. We expect the situation to recede by the first quarter of the fiscal year 2020.

Goenka dismissed the discussion with the corporate world before the budget, saying that our expectations for the budget were high this time as we had a conversation.

SpiceJet's Ajay Singh said that despite all the negatives, we have no doubt that the Indian economy will slow down. However, we have to pay special attention to a few things. We have to reduce costs and take steps that will not even increase debt. The world is looking forward to India with a keen eye for global development.