Whatever goes down, invariably goes up and there are now visible signs of green shoots in the Indian economy. The sectors which were significantly impacted by the crisis and slowdown in the economy are now showing visible signs of improvement.
1. The Supreme Court order on relaxation in mining ban in Goa and Karnataka will go long way in reviving sentiments in mining sector.
2. Telecom sector, after bleeding in the years 2011 and 2012, looks all poised for a turnaround as telecom companies have managed to increase their average revenue per user (ARPUs) significantly.
3. In particular, telecom companies had continuously and heavily invested in spectrum sharing, have been able to improve their EBITDA (earnings before interest, tax, depreciation and amortisations) margins and the industry is likely to see better times in coming days.
4. Infrastructure sector also has some positives as a major road project was cleared in Maharashtra.
By Dr. Soumya Kanti Ghosh, Chief Economic Advisor, State Bank of India.