India waits for Modi to dig economy out of investment hole

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Labourers work at the construction site of a monorail project in Mumbai

By Rajesh Kumar Singh NEW DELHI (Reuters) – For all the bullishness gripping Indian markets since the election of Prime Minister Narendra Modi six months ago, the prospect of better times ahead has not yet persuaded firms to invest, judging by the slack demand for earth moving equipment. Busy construction sites would be a sure sign of a revival in capital investment, needed for India to make a full fledged recovery from its longest economic slowdown in decades. …

Source: https://in.news.yahoo.com/india-waits-modi-dig-economy-investment-hole-210933086–business.html

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