Double digit growth of capital goods indicate revival of investments: PHD Chamber

Double digit growth of capital goods indicate revival of investments: PHD Chamber

Double digit growth of capital goods indicate revival of investments: PHD Chamber

 

No.PR-213
March 12, 2015
New Delhi
 

Double digit growth of capital goods indicate revival of investments: PHD Chamber
 

Increase in IIP to 2.6% for the month of January 2015 though encouraging, needs serious attention as various reforms announced during the recent times must push our industrial growth trajectory to the higher level, said Mr. Alok B Shriram, President, PHD Chamber in a press statement issued here today.
 

believe the implementation of reforms at the grass roots level would be critical for the fruitful outcomes, going forward.
 

However, double digit growth in Capital goods is a good sign that investments are reviving and gain momentum in the coming times, said Mr. Shriram.
 

Capital goods grew by 12.8% in the month of January 2015.
 

Going ahead, we are optimistic to see a steady recovery in the industrial sector with focused approach on ease of doing business by the government, he added.
 

CPI at 5.3% for the month of February 2015 is still in the comfortable trajectory and indicative of more rate cuts by RBI in the coming times to refuel the industrial growth trajectory, said Mr. Shriram.

 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)