Growth could be 0.0 - 0.5 per cent during September according to D&B which observes that fragile external demand will also affect growth.
National Capital Goods policy envisages increasing exports to 40 per cent of production from the current 27 per cent.
Mumbai: The IIP will continue to be muted because of continued lack of investment by the private sector, but will see a slight respite in September provided by the consumer spending for the festive season.
Growth could be 0.0 - 0.5 per cent during September according to D&B which observes that fragile external demand will also affect growth.
“Demand needs to revive strongly starting the festive month, especially from the rural segment, to support growth with government initiatives acting as a catalyst to boost investment and consumption,” said Arun Singh.
( Source : Deccan Chronicle. )
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