India’s growth momentum is expected to continue in the October-December quarter as well, putting the economy on track for a 6.5 per cent growth rate this financial year, Chief Economic Adviser V Anantha Nageswaran said Thursday.
On private investments, the CEA said there has been a rise in import of capital goods and increased production of capital infrastructure goods in the industrial output. He said private sector capital formation is “not an aircraft that is waiting for take off but has already started to move and fly”.
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