Mr. Siddharth Shankar, Expert Economist quote on Inflation Numbers

"Inflation number coming down today is more statistical than anything else and nothing much should be read from this number. Any number above 7 is not good and limits room for RBI to cut rates. Food prices would continue to rise and if Diesel prices go up by Rs. 5 we would see further pressure on prices in the coming months. Coupled with this would be the poor monsoon, effect of which would get reflected in the months of Oct and Nov. RBI may chose to combat inflation over growth for the time being."

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.

Mr. Siddharth Shankar, Expert Economist quote on IIP Numbers

“While the numbers may look good but to my mind they still represent a slowing Indian economy. Factory output will remain subdued in India for most of this year and maybe a year more. Even if see a rise in output, overall growth will remain weak. To my mind RBI has almost no room to cut rates and monetary action will not really help the economy. The inflation numbers that will come now should be higher and would probably be the highest amongst the emerging economies. While we talk of policy action from the government’s side, I think they too have a very little room to make policy changes. Government cannot come with policies that are detrimental to the nation for the sake of industry. To my mind Industry has to do its bit in improving it productivity and efficiency. While central banks like The Bank of Korea, the People’s Bank of  China, the European Central Bank and the Bank of England all eased monetary policy this month the case with India is different, we have a consumer level inflation of about 12%.”