India’s poor infra biggest hurdle in ‘Make in India’: S&P
03/08/2016 10:27
S&P Global Ratings has said that the country's poor infrastructure is the biggest hurdle to Government's flagship Make in India programme. Commenting on the development, S&P Global Ratings Credit Analyst Abhishek Dangra told the media, "Infrastructure is the biggest hurdle to the ambitious Make in India programme of the government." “The infrastructure deficit is costing up to 5 per cent of the GDP and an improvement will boost export competitiveness. The passage of the Goods and Services Tax, billed as the country's biggest indirect taxation reform, will give a fillip to the logistics and manufacturing sectors,” he added. The global ratings agency said India Inc will see a turnaround in performance soon. The performance of Indian corporates is bottoming out. It will be a slow, U-shaped recovery for them. Revenue growth is expected to move up in the next 2-3 years.
03/08/2016 10:27
S&P Global Ratings has said that the country's poor infrastructure is the biggest hurdle to Government's flagship Make in India programme. Commenting on the development, S&P Global Ratings Credit Analyst Abhishek Dangra told the media, "Infrastructure is the biggest hurdle to the ambitious Make in India programme of the government." “The infrastructure deficit is costing up to 5 per cent of the GDP and an improvement will boost export competitiveness. The passage of the Goods and Services Tax, billed as the country's biggest indirect taxation reform, will give a fillip to the logistics and manufacturing sectors,” he added. The global ratings agency said India Inc will see a turnaround in performance soon. The performance of Indian corporates is bottoming out. It will be a slow, U-shaped recovery for them. Revenue growth is expected to move up in the next 2-3 years.