GST boost fuelling growth; private capex showing spark: HDFC Bank - Business Standard

Senior management at HDFC Bank, the country’s largest private-sector lender, told investors during non-deal roadshows that they were witnessing strong momentum in economic growth following the rationalisation of goods and services tax (GST) rates. Early signs of a private-sector capital expenditure pickup are beginning to surface too, with capacity utilisation steadily rising — in some industries…