Private sector investment is very weak. Indian economic growth took off a year after the mix of macroeconomic stability combined with balance-sheet stress. Foreign portfolio investors continue to bet on India as one of the brightest spots in an otherwise glum global economy. New data from the Centre for Monitoring Indian Economy shows that new project proposals in the June quarter were at their lowest level in three years. Can the twin balance-sheet problem be tackled in time to ensure a quick acceleration in economic growth?

Source: Mint July 16, 2017 18:22 UTC