The brokerage said reviving the investment cycle is crucial to put India’s growth on a higher trajectory
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New Delhi: After a long “dormancy”, the country’s investment cycle is showing signs of recovery and to sustain this trend the government needs to step in as “investor and enabler”, a Standard Chartered report said on Friday.
“Our analysis of the recent Centre for Monitoring Indian Economy (CMIE) data, shows initial signs of recovery, particularly in infrastructure investment, after years of dormancy,” Standard Chartered said in a research note adding that “we expect the investment cycle to recover in financial year 2015-16, albeit at a gradual pace.”
According to the global financial services major, an investment recovery seems to have begun as investment remained on an upward trend in the first quarter of this fiscal year.
The brokerage said reviving the investment cycle is crucial to put India’s growth on a higher trajectory and in order to support the recovery, government has to play the “dual role of investor and enabler”. The government is driving the current investment recovery.
( Source : PTI )
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