Modi's $72 Billion Wage Bonanza Spells Stimulus for India Stocks

  • Money likely to be spent on transport, housing: Credit Suisse
  • Maruti Suzuki, Ultratech Cement, Zee among likely winners

Rajendra Diwakar, a bureaucrat in India’s commerce ministry, has been wanting to buy his wife a car, but with an annual salary of about $10,000 his wish has remained just that. Prime Minister Narendra Modi may soon offer him a helping hand.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.