Mr. Shankar's quote on IIP number released on 11th, May'12

“I have been talking about the data being dismal and that is the reason that I had forecasted the 4th quarter GDP of India being close to 5.25%. The data released today is no surprise. Contraction is happening and will continue to happen till we set right the basics of agriculture and efficiency.  Manufacturing is done by 4.4% which not only reflects poor off take but also poor sentiment that is expected in the coming months. The capital good is down sharply reflecting a long term negative sentiment of the industry. If we look at the capital goods sector on a sequential basis and compare it last year the picture is much more bleak. On the consumption side too demand seems to have dried up. Thus from both the perspective i.e of the manufacturer and the consumer the numbers do not give any positive signals. April will see some upward numbers but the basic sentiment will continue to remain weak. RBI should not cut the rates in the next meeting as IIP alone is not enough to make them cut rates.”

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.