Economy slowdown bottomed out, recovery rests on govt steps: Report

The slowdown in the economy has bottomed out, and going forward, the pace of recovery will depend on initiatives the government takes to boost growth momentum, especially private investment, says a report.
According to Dun & Bradstreet, there has been improvement on some parameters of the economy following the slowdown, post demonetisation and GST.
"There has been improvement on some parameters in the recent period, and we hope that the rebound in industrial production, especially in capital goods, is not just driven by festive-led demand and is on a sustainable basis," Dun & Bradstreet India Lead Economist Arun Singh said.
He added that recovery in exports, a moderate interest rate, lower inflation, controlled trade deficit, sizeable FDI inflows and the government's commitment to fiscal discipline are likely to pave the way for the economy to recover from the current scenario on a strong note.




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