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Aug 22, 2014
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RBI sees India Inc back in investment mode
The Reserve Bank of India (RBI) on Thursday said the economy was emerging from a rocky stretch with a reversal in the corporate investment cycle, along with improvement in macroeconomic pointers like fiscal deficit and inflation.In its annual report for 2013-14 (year ended June 30), the central bank drew confidence from a stable government at the Centre.The report said forward-looking surveys and economic indicators along with rising business confidence provided hope that the decline in private corporate investment "could be arrested" in 2014-15 and fresh investments of over Rs 1.2 lakh crore "could be realised".
Source -
http://www.business-standard.com
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