Expanding to rural markets makes sense. Demonetisation held back discretionary consumption demand and that’s expected to change in the coming months. But investment is weak. Gross fixed capital formation has slid. So, investment revival and exports must grow. But banks are saddled with bad loans and companies are hamstrung as they cannot service loans. A swift enforcement of the bankruptcy code will enable banks to lend again. Public investment should be stepped up to restart private investment.