New Delhi, March 19 -- Although first three-quarters' growth was not too promising with 6.2 percent in Dec quarter - it was somewhat expected since it was an election year, explains Dr Rumki Majumdar (PhD), economist at Deloitte.

She speaks about the current volatility in the financial market and deconstructs to explain what it reflects on the fundamentals of economy. She is optimistic about the long-term prospects of India's growth. She also explains the reasons for which she thinks that FMCG, renewables, auto, defence and semiconductors are likely to do well in the near future.

Growth in the first three quarters has been, on average, 6.1 per cent year-on-year-a slowdown which is somewhat expected given that this year has been the elec...