Harish Manwani, Chief Operating Officer of Unilever believes that if India improves its productivity, it will be able to achieve the growth inflation balance.

Speaking to NDTV’s Shweta Rajpal Kohli on whether the FDI in retail move was ill-timed he said, “We can't go for a muhurat (auspicious time) for taking decisions and a large number of states wanted FDI in retail but backed out due to partisan politics.”

Roubini said slow growth in advanced economies may lead to "a U-shaped recovery rather than a typical V."