India Inc's slowing investment worries RBI


It’s not only the Reserve Bank of India but top corporate leaders are also worried that the industrial activity is slowing down in the country despite several steps taken by the Narendra Modi government. The main reasons for the slowdown, they say, are the high interest rates, lack of new orders from other companies and the global commodity crash.
“This has not come as a surprise to us and we have been talking to the Indian government on this. We do expect some positive changes in Calender 2016,” said promoter of a large infrastructure company asking not to be quoted. “The third quarter results shows marginal rise in profits for the Indian companies which have announced quarterly results so far. 
Read Full Article Over Here : Business Standard News

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