city New Delhi India Russia Ukraine pandemic Government Action city New Delhi India Russia Ukraine

End of war, covid will set stage for private investments: Sanjiv Bajaj

Reading now: 747
www.livemint.com

NEW DELHI : A little more pick-up in capacity utilization in factories, which are now running at more than 70%, and a reasonable resolution to the Russia-Ukraine war will create the right tailwind for a revival in private investment, said Sanjiv Bajaj, the newly-elected president of the Confederation of Indian Industry (CII).

Businesses in the formal sector, especially technology firms, are steadily hiring people, said Bajaj, also the chairman and managing director of Bajaj Finserv Ltd.

A normal monsoon will help tame food price inflation, while tax cuts could help moderate energy price inflation, Bajaj said in an interview, adding that businesses are expecting clues from the Reserve Bank of India on the roadmap for the expected monetary tightening.

Edited excerpts:  Retail price inflation has surged to an eight-year high in April. What is the impact on industry? Will it drag down consumption? Multiple factors are impacting the economy now.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA