Vote on account 2014: How capital goods can regain its lost glory?

India's capital goods sector, which took off to a great start at the beginning of the decade, has lost momentum over the past few years. Various factors are responsible for the same.

The accelerated growth in the Indian economy during the 10th Five-Year Plan led to a surge in capex in power equipment, textile equipment, machine tools, infrastructure equipment, etc. However, the target of infrastructure spending in the 11th Plan, which was set at $500 billion, was largely seen amiss, le .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/30450936.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst