India is likely to grow faster than earlier expected in the coming fiscal, but capex spending would be the primary growth driver instead of consumption, UBS Securities said Wednesday.
“The pick-up in capex spending will likely become more broad-based. While public capex will likely stabilise on stretched government finances, we expect private corporate capex and residential housing demand to continue to improve,” said Tanvee Gupta Jain, chief India economist, UBS Securities.
Source Name : Economic Times