Economic Survey Pegs Industrial Growth at 4-5% in the Current Financial Year Survey Calls for Boosting of Business Sentiments, Encouraging Investment and Identifying Bottlenecks Industrial Sector Expected to Rebound During Next Financial Year.

Economic Survey Pegs Industrial Growth at 4-5% in the Current Financial Year Survey Calls for Boosting of Business Sentiments, Encouraging Investment and Identifying Bottlenecks Industrial Sector Expected to Rebound During Next Financial Year. https://www.taxtmi.com/news?id=2864 The Economic Survey projects below trend industrial growth for the current year due to weak business sentiment, reduced investment, moderated banking credit and sectoral bottlenecks. IIP slowed with contractions in mining, moderated manufacturing growth and negative capital goods performance, while basic and non durable goods fared better. The Survey notes a fall in manufacturing's share of gross capital formation and a marked deceleration of credit to industry. It recommends boosting business sentiment, removing short term bottlenecks, ensuring land and infrastructure for investment zones, strengthening sectoral linkages, encouraging higher value added manufacturing and promoting FDI to bridge saving investment gaps. en-us Thu, 15 Mar 2012 13:16:42 +0530 Thu, 15 Mar 2012 13:16:42 +0530 TaxTMI RSS Generator Economic Survey Pegs Industrial Growth at 4-5% in the Current Financial Year Survey Calls for Boosting of Business Sentiments, Encouraging Investment and Identifying Bottlenecks Industrial Sector Expected to Rebound During Next Financial Year. https://www.taxtmi.com/news?id=2864 The Economic Survey projects below trend industrial growth for the current year due to weak business sentiment, reduced investment, moderated banking credit and sectoral bottlenecks. IIP slowed with contractions in mining, moderated manufacturing growth and negative capital goods performance, while basic and non durable goods fared better. The Survey notes a fall in manufacturing's share of gross capital formation and a marked deceleration of credit to industry. It recommends boosting business sentiment, removing short term bottlenecks, ensuring land and infrastructure for investment zones, strengthening sectoral linkages, encouraging higher value added manufacturing and promoting FDI to bridge saving investment gaps. News - Thu, 15 Mar 2012 13:16:42 +0530 https://www.taxtmi.com/news?id=2864