The struggling economy of India, which was once thought to be an investment gold mine, saw the local government and the private sector butt heads in pinpointing the reason for its downfall. Experts believed that there is still a way out and this is through a braver and more aggressive industrial sector.
Analysts said that there are still opportunities available for industrial houses, only if they took advantage of the cheaper and more affordable assets available in the market. However, a terrible outlook and persistent pessimism towards the local economy had their capital investments delayed.
Researches said that the Indian economy is currently at its worst since 1991. The rupee, which crossed the 60 mark against the dollar recently, saw no signs of gaining momentum. Despite the grim circumstances, optimists still encouraged the industrial sector to place investments. They said that India could still live up to past promises of it being an economic super power.
According to analysts, if wise investments of technology, physical infrastructure, and human training were implemented, India could potentially recover and become the next super economy.
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