Axis Bank Managing Director and CEO Amitabh Chaudhry said the bank's key focus going forward is delivering performance on a consistent, quarter-on-quarter basis.
“What Axis needs to do on a consistent basis is deliver quarter on quarter. We've had our quarters of surprises,” Chaudhry said in his conversation with NDTV Profit's Tamanna Inamdar at Davos 2026, adding that consistency must come through sustained growth. He noted that the bank has managed its tariff problem “decently well” so far.
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Sharing his expectations from the Union Budget, the Axis Bank chief said he hopes fiscal consolidation will continue. He also expressed hope that the government would look at ways and means of supporting large capital expenditure.
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Chaudhry further underscored the need for significantly higher spending on research and development, stressing that increased R&D investment is critical for long-term economic growth.
According to Axis Bank, India's fiscal and monetary headwinds are receding as the GDP growth picked up in FY26. Going further, the lagged effects of monetary easing should become visible as the headwinds to growth from fiscal and monetary tightening have abated, as per Axis Bank's outlook.
Recently, Axis' lead economist Neelkanth Mishra said he eyes India's real GDP growth at 7.5% for FY27 and the headline inflation is likely to average at 4%, which meets the target set by the Reserve Bank of India.
In an exclusive interaction with NDTV Profit, Mishra said that currently there has been a significant amount of slack in the economy due to labor market easing. According to Mishra, India is the only large economy in the world where the workforce is expanding and the growth is also trending around 5-7% below the pre-pandemic path.
"This is showing up in various ways as real wage growth is weak and there is low-end consumption except during stimulus periods. So, there is slack in the economy, which means we can run the economy faster than trend growth without having an immediate pressure of inflation," he said.
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