Insurer’s Stock Fund Picks India Infrastructure Over Consumption
- Capex is ‘a better way’ to boost growth: Kotak Mahindra Life
- Road, water projects will create jobs, lift spending: Kanawala
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As India’s consumer spending slows down after a multiyear boom, one life insurer is betting on the nation’s plans to upgrade its infrastructure.
“Investment is a better way to revive the economy, not consumption,” said Hemant Kanawala, head of equities at Kotak Mahindra Life Insurance Co. in Mumbai. “Jobs will be created only if investments pick up, and that will boost consumption in a way,” he said.