Hindsight: The electrical equipment industry, after experiencing a healthy growth since 2009-10, declined to -7.8 per cent in 2012-13.
However, the industry revived in the first half of current fiscal (H12014) and grew at 6 per cent mainly backed by rise in domestic demand.
Modi effect? I believe that political parties have now realised that achieving economic growth is very crucial to gain voter support. Irrespective of whichever party comes to power, the performance of the economy will improve going forward.
Ramesh Chandak, MD, KEC International