FICCI secretary general Dr. A Didar Singh has said the growth in manufacturing seems to be accelerating and the coming months might see a transformation in the same trajectory.
Dr. Singh in a statement released today talked about the IIP numbers for the month August.
"Reduction in the interest rates last month by RBI is expected to encourage investment and aggregate demand in the economy," he said.
The FICCI secretary general further said the government, however, needs to continue to take measures to create an enabling environment for business to provide impetus to the manufacturing growth and investments.