ASSOCHAM Survey
INDUSTRY India Inc. sees sparkles only next Diwali, mood subdued this year: ASSOCHAM After a subdued Diwali this financial year, India Inc will certainly see a sparkle in the festive season of 2013-14 on the back of the manufacturing and exports returning to growth, an ASSOCHAM confidence Index showed. A vast majority of the 171 CEOs covered under the confidence from different sectors feel that it would take at least another six months for several segments of the industry to "repair" and "deleverage" their balance-sheets before they march further on the growth path. The confidence index was measured in the two weeks ending November 7 across different verticals. Segments such as banking, power, infrastructure, civil aviation and real estate are particularly in problems at present and most of the companies in these sectors are resorting to various means to get rid of excessive debts. Banks, in particular, have seen...