A month before the budget, India's corporate investments have hit a 13-year low


Quartz reports:
India Inc may be all praise for the Narendra Modi government's policies, but it won't bet any money on them. Between October and December 2017, corporate investment in Asia's third-largest economy slipped to its lowest level in nearly 13 years. This comes at a time when the latest manufacturing indicator-the Nikkei purchasing managers' index (PMI)-has hit a five-year high. Even core sector growth is at a 13-month peak and the country's GDP has bucked five quarters of decline, but no thanks to private investors.
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