General Electric (GE), which is a global giant in infrastructure building and electric equipment manufacturing segments, is betting big on a great turnaround of the Indian economy. Once the on-going exercise of general elections is over, the Indian economy is expected to pull the emerging markets out of the prevailing prolonged spell of slowdown, claimed, Global Head, Jeff Immelt, in a recent media statement, adding that the new government at the centre is expected to end the uncertainty and inject a major push to infrastructure and allied sectors. Firstly, it should restore the investors' confidence as Indian economy has the potentials to record double digit growth in a consistent manner. As a matter of fact, GE has great expectation from the country's infrastructure, and to make the most out of it has urged the government to quicken its project delivery and implementation mechanism. Elaborating further, he admitted that India has not met estimates for power turbines, and oil and gas equipment as policy paralysis coupled with delay in project clearance and land acquisition tangles are the factors that are responsible for the current state of affairs. The new government must plug these loopholes and place the economy on its growth trajectory.
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