Latest reports indicate that order inflow trend for capital goods and infrastructure companies has shown significant improvement and order value has more than doubled year-on-year. In an interview to CNBC-TV18, Mahesh Vyas, MD & CEO of CMIE, the Centre for Monitoring the Indian Economy shared his views and readings on the economy.
Vyas said that order inflows have seen substantial improvement in infrastructure space. Therefore, see pick up in orderbooks of infrastructure companies.According to him, infrastructure sector is returning to normalisation post temporary blips. However, capex database does not show pick-up in new investments.
He sees practical problems with regards to National Highways Authority of India (NHAI) ordering.
He further said that he is seeing pick-up in road execution but not as fast as needed.
We are not seeing pick-up in orders from power space, Vyas added.