For the past four years, the country has been struggling with growth. High inflation, strained monetary and fiscal policies in no way can help boost growth at the moment.
Cost of capital has to go down, policies need to be framed that are industry friendly, tax sops may be required to incentivise and encourage investment. Likewise, FDI needs to be relaxed or opened up in more sectors.
An uptick in the investment cycle will lead to growth, more employment, more spending, lower deficits and more resources to fuel a higher growth trajectory.