1. Silver lining for Indian economy

Silver lining for Indian economy

The Indian economy is showing signs of a turnaround as the number of shelved projects has declined for the fifth successive quarter and projects under implementation...

By: | Updated: August 11, 2016 3:04 PM

The Indian economy is showing signs of a turnaround as the number of shelved projects has declined for the fifth successive quarter and projects under implementation in June this year were the highest since September. Production of capital goods has been increasing, barring in June, and there is a pick-up in imports of machinery goods. Order books of capital goods companies are moving up on the back of enhanced business confidence. In fact, a poll by CII Associations’ Council (ASCON) for the April-June quarter shows respondents have expressed their optimism in further improvement in the near-term growth outlook.

 

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