Disappointing macro picture underscores need for bold
measures: ASSOCHAM
13/08/2014 13:24
The macro data on subdued growth in factory output in June and the retail inflation rising in July are a clear pointer that it is early days for seeing a decisive rebound in industrial growth and reversal of inflation, ASSOCHAM president, Mr Rana Kapoor said. "While capital goods have done well, manufacturing remains an area of concern, besides the June IIP numbers defy expectations of higher industrial expansion in June, than in May," said the ASSOCHAM chief. "The data suggests that some bold measures are required in the next few weeks to instill the real confidence among the consumers and investors," said Mr Kapoor. "The FII inflows alone do not really point out to a reversal of economy." High interest rates, high corporate debts and risk aversion remain worrying areas, further said the ASSOCHAM president.
13/08/2014 13:24
The macro data on subdued growth in factory output in June and the retail inflation rising in July are a clear pointer that it is early days for seeing a decisive rebound in industrial growth and reversal of inflation, ASSOCHAM president, Mr Rana Kapoor said. "While capital goods have done well, manufacturing remains an area of concern, besides the June IIP numbers defy expectations of higher industrial expansion in June, than in May," said the ASSOCHAM chief. "The data suggests that some bold measures are required in the next few weeks to instill the real confidence among the consumers and investors," said Mr Kapoor. "The FII inflows alone do not really point out to a reversal of economy." High interest rates, high corporate debts and risk aversion remain worrying areas, further said the ASSOCHAM president.
