Indian economy expected to fare better in H2

Indian economy is expected to fare better in the second half of the current fiscal backed by uptick in sales and improved capacity utilisation, though fresh investments and new jobs creation may be a concern going forward, according to an Associated Chambers of Commerce & Industry report. 

Besides, an increased spending on infrastructure development, largely by the government, is seen as the most important driver for a turnaround in the economic outlook for the period between October and March this fiscal, it added. 

Over 66 per cent respondents polled in the Assocham Bizcon Survey expected improved sales and capacity utilisation during the second half of the fiscal, but remained uncertain on fresh investments coming in.