Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
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Markets & manufacturing to take growth to 5.7-5.9%

Dec 18 2012, 00:27 IST
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SummaryListing out a host of positives including “a visible buoyancy in the capital markets” and “the resurgence of growth in manufacturing sector,” the government on Monday exuded confidence that “moderate acceleration” in the rate of GDP expansion in the second half would take growth in 2012-13 to 5.7-5.9%.

the corporate bond market as well as the ability of the equity market to finance infrastructure requirements.

On tax collection, he said low corporate profitability was impacting revenue realisation. “Corporate profit earnings are not growing at pace; it was growing in past. We hope we will start picking up once again and that should add buoyancy. (If) people are not making money as much as they were then clearly it is going to impinge on that kind of revenue,” he said.

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