Mumbai: There is a lot of discussion about the economic slowdown in the country. The opposition is accusing the government of not managing the economy. The government is under heavy pressure to restore the economy due to large scale layoffs in companies. Private sector lender HDFC Bank has made a positive claim about the Indian economy.

HDFC Managing Director Aditya Puri has said that the economy will soon recover from the current troubles and will pick up pace by early next year. Puri says that the financial sector and banks' crisis is also ending. However, those who have invested in the real estate sector, they may have to face some difficulties right now. In an interview, he said, I am not saying any sudden boom in the economy.

But at the moment we are going to move beyond where we are. Managing Director of HDFC said that till now we were in a lot of trouble, but an atmosphere of improvement has been created in it. Apart from the increase in spending by the government, investment in infrastructure and increased flow of funds in the economy by the finance minister, the growth rate is likely to be back on track due to good monsoon. Puri said that due to the large size of the country, changes take a little time, so the impact of growth efforts will start to be visible from January. The demand for loans in banks is increasing. This is also a sign of the economy gaining momentum. Let us tell you that the government has announced several relief measures for the industry sector in the past.

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