India Fund Managers Spy Opportunities in Consumption, Property

Indian wealth and alternative investment managers expect the next federal budget to propose measures that will improve consumption and bolster infrastructure to revive economic growth.

Newly appointed Finance Minister Nirmala Sitharaman will present her first budget on Friday. Growth slowed to a five-year low of 5.8% in the first three months of 2019, amid a liquidity crunch at non-banking financial companies. That’s put pressure on recently reelected Prime Minister Narendra Modi to deliver on a stimulus plan.