This comes as a pleasant surprise to the private sector and will stimulate private investments in the economy. Government is acting courageously to revive the animal spirit in the economy,” Kumar said in an interview. “Fortunately, there are signs that revival of the growth momentum may be just around the corner. The reason for this optimism lies in the trends in exports and imports in September 2017,” said D.K. Non-oil imports give an indication of overall sustainability of demand in the economy, said Bhanumurthy.

Source: Mint October 26, 2017 06:33 UTC