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HSBC report on investment growth: Pace of revival to be gradual for few yrs

Investment growth may have bottomed out in 2016 due to demonetisation, said the report

Press Trust of India  |  Mumbai 

After a six-year wait, private investment growth rates seems to have bottomed out in 2016 but the pace of its revival is expected to be gradual over the next few years, says a report. According to global brokerage HSBC, the pace of investment growth, especially over 2017, "may not be rapid" and would only "cross the 7 per cent ballpark, which is when the investment rate is expected to stabilise, around 2020." "We find that things were beginning to get somewhat supportive of a recovery in mid-2016. But, alas, the economy was hit by the unexpected ...

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First Published: Tue, May 16 2017. 19:54 IST
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