December capex data gives enough reason to cheer, says CMIE

CNBC-TV18
CNBC-TV18
  • 4 years ago
The purchasing managers’ index (PMI) data for December showed its fastest pace of growth since July with all round improvement in new orders, exports and hiring. Additionally, the latest report from the Centre for Monitoring the Indian Economy (CMIE) shows a surge in new projects, new investment announcement and a 81 percent drop in stalled projects. Does this signal a revival in growth? Mahesh Vyas, MD and CEO of CMIE and Samiran Chakraborty chief economist of Citi discussed this.

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