A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
In the near term, the key driver will still be the government's fiscal spending.
The industry employs about 10 million workforce.
Sensex closed the day 416 points higher.
But experts say downside limited, pockets of opportunities for investors
Industry demands the basic customs duty on all steel imports to be raised to 25%
'Indians are great savers, but they are lousy investors.'
Kerala Chief Minister Oommen Chandy tells rediff.com's Shobha Warrier why the UPA lost in the general elections, the decline of the Left and what he expects from the Centre.
'If you destroy the assets in Pathankot, you degrade the combat potential of India; you degrade the war potential of India.'
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
The West has always preferred a timid, half intelligent and a dependent India rather than a decisively independent and self-reliant one. A pliable Indian leadership suits the West best, says Tarun Vijay.
Indian economy about to take-off
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