We could have a one-off 8% or an 8.5% growth, but that is not what the steady state growth would be. I think the steady state would be closer to 7% to 7.5% in a good year. I think to get to a sustainable growth path of 8% to 9%, we need to do quite a bit more. We could have a one-off 8% or an 8.5% growth, but that is not what the steady state growth would be. I would think that there is some way for the 10-year bond yield and other yields to kind of drop a little more.

Source: Economic Times June 29, 2024 14:07 UTC