Economic Survey 2019: Govt must ensure predictable policy for India Inc

With private companies reluctant to invest in fresh capacity, the Economic Survey has suggested apart from reducing interest rates and encouraging savings, the government must ensure predictable policy for India Inc.
 
“Investment, especially private investment, is the ‘key driver’ that drives demand, creates capacity, increases labour productivity, introduces new technology, allows creative destruction and generates jobs,” the Survey said.
 
It said after falling for close to a decade since 2008, India's investment had turned the corner since the first quarter of 2017-18. Gross fixed capital formation as a proportion of GDP, commonly referred to as the fixed investment