Capital Goods Goldmine: Is It Time to Strike Again?
Ratin BiswassCategories: DSIJ_Magazine_Web, DSIJMagazine_App, Editorial, Letter to Editor, Letter to Editor
I have had a considerable investment in the capital goods sector for many years, which has delivered excellent returns so far.
I’ve had a considerable investment in the capital goods sector for many years, which has delivered excellent returns so far. I’m considering increasing my investment. Could you provide insights into the outlook for the capital goods sector and advise if this is a good time to invest further? - Kaushal Charkha
Editor Responds: Certainly, the capital goods industry contributes around 12 per cent to India’s manufacturing output and 2 per cent to its GDP, while also generating direct and indirect employment for over 8 million individuals. The capital goods industry is thriving in India and on the global stage. Also, new orders for key U.S. manufactured capital goods rose unexpectedly in August.
The Index of Industrial Production (IIP) recorded growth in July. Plus, the bullish investor sentiment was reflected in the BSE Capital Goods Index. In our upcoming issue, we will explore the factors driving this industry, assess the growth, identify potential risks and provide insights into the future outlook. Stay tuned!