"A few charts and some commentary plucked from a rather bullish note on India from Goldman’s Asia Pacific team:
Some of the key data points and lead indicators related to investment demand have started to show signs of pick up. The decline in new project starts in industrial and infrastructure projects seem to have halted in 2QFY14, although project starts still remain at low levels. We are also seeing early signs that fewer new projects have stalled – an indication that we may be close to a trough in the investment cycle given recent policy initiatives from the government and new approvals coming through in power and road projects."
'via Blog this'
No comments:
Post a Comment