Things have started looking up. This is the time for cautious optimism before the full fledged plunge into a growth cycle
The spring, it looks is back in the steps of the economy. Country after country is announcing that the worst is over.
Recruitment rates are looking up and corporate India’s result season has more to cheer than be worried about. And the most promising sign of all – full page advertisements are back in the newspapers.Â
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| Krishna Kumar |
Are the dark days over? Are we back on the growth trajectory?
There are two view points out there. The first one states that what you are seeing is a year end burst of activity, a combination of pent up spending needs and festive feel good. Adherents to this view point believe that come January and the gloom will be back in some measure. Holders of the opposite viewpoint truly believe that the worst is over and that the good times are back; that it is time to uncork the bubbly.
And like with everything else, the truth is somewhere in between the two. Or in other words, this is the time for cautious optimism. The time to start preparing for the coming growth cycle, but not the time yet to put all of ones eggs in that basket.
Hopefully, this time around, we will not commit the same mistakes as the last time around. But, seeing the way things still are, I would not bet on that.
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