For more information contact: emailus@marcusevans.com An interview with: Dharmakirti Joshi, Chief Economist at CRISIL Ltd, and a speaker at the marcus evans APAC Investments Summit 2012, offers his advise on finding areas of growth during an economic crisis. Join the 2015 Summit along with top industry investment executives and service and solution providers in an intimate environment for a focused discussion of key new drivers shaping corporate priorities and investment strategies. For more information contact: emailus@marcusevans.com

1. Finding Growth in Asia
amidst the
Global Downturn
T h e I nd i a n e c o no m y h a s b e e n Should investors in Asia make use
vulnerable for a while due to rising of sustainable and responsible
current account deficit and external investing?
shocks of slowing exports, weakening
the Rupee. The rising burden of Sustainable investing is crucial if
servicing foreign debt of private investors wish to prosper in the long-
corporate increased the demand for US term. Looking at Indian growth
Dollars, adding to the weakening of our prospects going ahead, India’s seven
currency. With the revival of foreign per cent growth is tremendous
capital flows, the Rupee started compared to the rest of the world. In
strengthening against the US Dollar in 2011, the Rupee depreciated and the
2012. stock markets were doing poorly, but
markets have picked up since January
Interview with: Dharmakirti Joshi, Should investors be wary of the this year and the Rupee too has
Chief Economist, CRISIL Ltd inflation rates in India? strengthened, yielding good returns to
foreign investors.
The economy is slowing down due to
Growth in India may currently be slow, stubborn inflation and consequent
but foreign investors can prosper from increase in interest rates. In the current
the healthy medium-term prospects, year, inflation and interest rates should
says Dharmakirti Joshi, Chief Economist, moderate and those who invest now can
CRISIL Ltd. The economy will soon
recover, and those who act now will
prosper.
Now
flourish in the long-term, he adds. Interest rates have increased over the
past year and are now beginning to bite is the time
to invest
A speaker at the upcoming marcus into the economy. Private consumption
evans APAC Investments Summit growth is holding up but investment
2012, taking place in Macao, China, demand has suffered. On top of that,
16 - 18 April, Joshi offers his expertise
in investing in India’s volatile market
there is a lack of progress on the
domestic policy reform front. The
as growth
during times of global downturn. slowing growth and lack of policy
reforms are harming India from a
will soon
How has the eurozone crisis
affected India’s economy? Has this
domestic point of view.
pick up again
altered the behaviour of investors in What is your outlook for the future
Asia? of the Asian market?
Investor behaviour has been volatile. It all depends on what happens in the
Since August 2011, rising risks in the eurozone, but growth will be sluggish Any final comments?
eurozone have led to weakening of throughout 2012. India is a domestic
capital inflows into India. The risk demand led economy, but its linkages to Investors should look into medium- and
aversion of foreign investors started the rest of the world have strengthened long- term prospects in India. Now is
and resulted in a net outflow of USD 2 over the last few years. the time to invest as growth will soon
billion in the four months after August. pick up again. A young population, a
The situation then reversed in 2012 and There will be challenges in the corporate fast rising middle class and high savings
capital inflows into India picked up. This world. Raising money and rolling over and investment rates create potential
led to almost 13-14 per cent returns foreign debt will become extremely for India to sustain high growth rates
from equity markets in January itself. difficult if the eurozone crisis worsens. over the medium run.

2. About the APAC Investments Summit 2012
The Investment Network –
marcus evans Summits group
This unique forum will take place at The Venetian Macao, Macao, China, 16 - 18
delivers peer-to-peer information
April 2012. Offering much more than any conference, exhibition or trade show, this
on strategic matters, professional
exclusive meeting will bring together esteemed industry thought leaders and
trends and breakthrough
solution providers to a highly focused and interactive networking event. The
innovations.
Summit includes presentations on growth despite the global downturn, fuelling
investments across the region and increased urbanisation and its corresponding
needs.
www.apacinvestmentssummit.com
Please note that the Summit is a
closed business event and the Contact
number of participants strictly
Stacey Melvin, Journalist, marcus evans, Summits Division
limited.
Tel: + 357 22 849 400
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To view the web version of this interview, please click here: www.apacinvestmentssummit.com/DharmakirtiJoshi