India back on a high growth path
❡—Capital goods output, a barometer of investment, grew by 9.4% in November as against 5.3% a year ago ❡— Good thing is, bank credit has gone up. If this holds, private sector will take over the reins, with investment feeding a virtuous cycle of growth. Govt has laid the tracks to take this rally far.
Breaking news 12/2
❡—Capital goods output, showed a sharp increase in output by 16.4 percent in December, 2017. Manufacturing growth is up to 8.1%. It is likely that the recovery in factory output will augur well for the fiscal third-quarter GDP) ❡— Consumer confidence has come up sharply from very lows caused by demonetisation and GST. Next 2 months may see it return to optimistic level.
❡—Capital goods output, a barometer of investment, grew by 9.4% in November as against 5.3% a year ago ❡— Good thing is, bank credit has gone up. If this holds, private sector will take over the reins, with investment feeding a virtuous cycle of growth. Govt has laid the tracks to take this rally far.
Breaking news 12/2
❡—Capital goods output, showed a sharp increase in output by 16.4 percent in December, 2017. Manufacturing growth is up to 8.1%. It is likely that the recovery in factory output will augur well for the fiscal third-quarter GDP) ❡— Consumer confidence has come up sharply from very lows caused by demonetisation and GST. Next 2 months may see it return to optimistic level.
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- Factory output growth in November
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