With growth getting stumped and visibility of revival looking more distant than what it was few weeks ago, foreign investors, those who have sunk huge investments into India are getting worried at the tardy situation domestically. Hyundai Motor India MD B S Seo told Rajesh Chandramouli that the government must work towards improving market sentiment, among the measures he expects to see as an investor. Excerpts:
What is the bother for you at this stage? Sluggish sales or no visibility of recovery over the near term?
It is worrying that the pace of recovery is very slow. This has had an effect on sales, which continues to remain sluggish. Demand in both Indian and global markets is slack and coupled with high interest rates, high fuel prices, volatile rupee and the uncertainty in the global economy, the chances of a quick recovery is bleak.
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