Recovery is on, spend more, GoI
Investment must come primarily from the government at this juncture. The private sector is, indeed, preparing for demand revival, but would firm up and expand their plans, were it to see determined effort by the government to make good on its budgeted expenditure and to crystallise additional investment in key infrastructure.
Nomura India Business Resumption Index Monetary Policy Statement Controller General Policy Statement Resumption Index Nomura India
Source: indiatimes.com