See pvt-sector capex picking up in H2FY23: CEA V Anantha Nageswaran

"Bank credit is beginning to pick up, especially in the micro, small and medium enterprises sector," Chief Economic Advisor (CEA) V Anantha Nageswaran said

Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday that the volatility in global crude oil prices due to the war in Europe and the US Federal Reserve’s (Fed’s) expected tapering and increase in interest rates are the two strong headwinds the Indian economy faces.
 
Speaking at an event organised by the All India Management Association, Nageswaran said he expects a revival in private-sector capital expenditure (capex) plans in the second half (H2) of 2022-23 (FY23).
 
“Bank credit is beginning to pick up, especially in the micro, small and medium enterprises sector. I think by the end