The Indian economy has sustained its growth and this is expected to continue in the medium term, despite concerns over higher inflation in future and high fund inflows, a top banking industry official said.
"I think a growth of around 10 per cent will be sustained in the next 10-15 years. We have come through various challenges like inflation and 'overheating'. But growth has been sustained," ICICI Bank's Managing Director and CEO K V Kamath told reporters on the sidelines of a CII-organised seminar in Mumbai on Monday.
However, the surge in rupee value and excess inflows were challenges to the economy, attracting multiple tools from the regulators. "The regulation on Participatory Notes (P-Notes) is one among the many tools from the regulators