V Anantha Nageswaran, India’s Chief Economic Advisor (CEA) said that the private sector is conserving its resources rather than investing. While advising the private sector to invest, he said, “Waiting for demand to arise before they start investing will be to delay the onset of such demand conditions happening.”
Energy, telecom continue to draw foreign flows in Nov
Foreign investors injected significant capital into India’s energy and telecom sectors in the latter half of November, continuing a trend from earlier in the month