Imports of electric fan are expected to reduce further: Rakesh Khanna

The cash crunch caused by demonetisation has without doubt slowed down the economy for a brief period but we do hope that the demand will bounce back in last quarter of FY 2016-17. We are already seeing some benefits like lowering of interest rates. The recent announcement of subsidising interest for affordable housing is likely to boost demand in this category, which can have a positive rippling effect on related industries like electric goods, cement etc. which depend on growth in housing sector. 

Monsoon and agricultural output has been up to the expectation and the rabi season output is also