With a heightened focus on developing highways, railways, and urban infrastructure, companies in these segments are poised for significant opportunities, said Axis Securities.
The Indian economy is likely to continue its string of better-than-expected growth numbers as the statistics ministry is all set to releases data for July-September today. Economists see the GDP growing by 6.8% in Q2 FY24 – with some forecasting it to be as high as 7.2%. Meanwhile, the RBI forecast stands at 6.5%. While the headline growth number is expected to be impressive, it is the underlying numbers that tell the real story. Agri slowdown, industry revival, consumption demand are some of the aspects that would be closely monitored. Catch this chat between Moneycontrol’s Nandita Khemka and CNBC-TV18’s Latha Venkatesh to know more about what one should expect.
Budget 2022: With the government's renewed focus on ease of living, a simplification of the tax regime, particularly for salaried taxpayers, could be on the cards.