How deep is India’s economic mess?3 min read . Updated: 28 Sep 2017, 05:09 AM IST
The biggest analytical challenge right nowfor policymakers and investorsis to separate the transient from the structural
The heads of two companies that are considered yardsticks of the broader economy have recently spoken out about the problems they are facing. Hindustan Unilever chief executive Sanjiv Mehta said in a presentation to investors that rural demand for its products has been weak because of the lingering effects of demonetization as well as the farm crisis. Larsen & Toubro group executive chairman Anil Naik said that private sector companies are not in a position to launch new projects because of the excess debt they have on their balance sheets.
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