Investments will pick up due to govt spending, note ban, GST: Ajay Piramal

He also said that services will add more jobs than manufacturing in future

Investments in the country are expected to pick up soon, said Ajay Piramal, chairman of Piramal Group & Shriram Group. He added that this, coming on the back of the government's spending in the public sector, demonetisation and goods and services tax (GST), would help the country achieve faster gross domestic product (GDP) growth. Considering limited capital, he said that the services sector would create more jobs than manufacturing, similar to how it used to be in the past.

Speaking on the sidelines of the 13th annual convocation of Great Lakes Institute of Management, in Chennai, he said, "I think demonetisation