How weak govt capex hurts recovery hopes of capital goods firms
New Delhi, July 15 -- The lack of a fiscal stimulus to boost near-term growth in the union budget has dimmed hopes of a sustained recovery in the capital goods sector. As it is, the pace of project execution and order flows for these firms had slowed down in the run-up to the general elections. But, this was expected to be a blip, with an improvement expected from the second half of FY20....
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