Stage set for India's investment cycle to kick-start, says FinMin

For the first time since January this year, households expected inflation to fall, according to the RBI survey

Buoyed by the rapid pace of Covid vaccinations, the finance ministry on Wednesday gave a bullish outlook on the economy. Armed with necessary macro and micro growth drivers, the stage is set for India’s investment cycle to kick-start, it said, adding this would catalyse its recovery towards becoming the fastest-growing large economy in the world.

In its monthly economic review for October, the Department of Economic Affairs (DEA) under the ministry, said further demand stimulation, fuller restoration of supply chains, narrowing of demand-supply mismatches, and greater employment generation are in the offing.

Gross fixed capital formation (GFCF) rose 55 per cent in