Expert Economist Mr.Siddharth Shankar on Economic Survey 2012-13

“To me the economic survey is too optimistic for the current fiscal as also for the growth prospects of the future. I would peg this year’s growth below 6.5% and going forward too I do not expect it to be much higher. The world scenario does not look very promising in the next 2 years. The fiscal deficit too cannot be controlled anytime soon. Fiscal deficits, inflation, growth are things that take a long time to stabilize and settle and cannot happen in a span of 1-2 years. To my mind the oil prices would continue to remain high in the coming years and the BOP situation of India will worsen, resulting in pressure on rupee. The inflation too would continue to remain high in rel terms. 

No monetary policy or fiscal policy can substantially help  at this point in time, what is required is a government policy that helps competition, policy that promotes agriculture, policy that promotes lending in the right sectors, policy that promotes equitable distribution of credit to all, policy that thus not let credit being given to a selected few and not getting concentrated , policy that promotes innovation and efficiency. Banks have to think intelligently while lending, they have to take risk.”

MR. SIDDHARTH SHANKAR,  Director, KASSA INDIA 

Mr. Siddharth Shankar is a leading Economist & Financial Expert. He has been associated with KASSA group since its incorporation under various capacities as a Director, shareholder and consultant. An expert in the field of Macro-Economics, Mr. Siddharth Shankar has established himself as a mastermind in tackling financial hurdles for his clients. He has more than a decade's expertise in structuring financial products for companies to cover their financial risks that were generated due to their international exposure to money and commodity markets. He has been involved with the marketing systems of Google, Yahoo and other global search engine giants to achieve maximum effectiveness of their campaigns. His expertise also lies in Product Conceptualization and Web- based marketing of Products.

Being a thought leader in the field of Macro-economic, he can provide a detailed analysis on the subject for your esteemed publication.

 Mr. Siddharth Shankar started raising his career graph at the tender age of 19. He had set-up his first fully automatic diamond cutting plant production unit, the first of its kind in Delhi, employing 20 people. By the time he touched his 20`s, he initiated trading of diamonds in the world’s largest diamond market-Antwerp. During this period he simultaneously started giving consultancy on Financial Management to various corporate houses in Europe, India and South-East Asia.

At 22, as a seasoned Financial Risks Manager, he started structuring Financial Products for companies to cover their financial risks that were generated due to their international exposure to Money and commodity markets.