Will elusive investment recovery take root?
It seems unlikely until the final quarter of 2018
The year 2017 brought with it a period of adjustment for the Indian economy, to events like demonetisation, implementation of major policy changes like the Real Estate (Regulation and Development) Act, 2016 and the Goods and Services Tax (GST), even as NPA levels of banks remained high and insolvency proceedings were initiated against 12 large borrowers.This was a year of false starts, such as the...
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