 "Illustration by Ajay Mohanty")
The gross domestic product (GDP) numbers that have come out recently show a continuing decline in the rate of investment, reflected also in the low level of credit growth to industry. Demonetisation may have affected economic activity less than initially forecast. But it may have delayed the investment revival that we so badly needed. A further delay may well happen because of the potential disruptions in the early stages of the goods and services tax (GST) roll-out, continuing delays in resolving non-performing assets (NPAs) and the information technology (IT) sector’s H1B visa problems. The immediate challenge for the government is
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
