Here Are the Stocks Likely to Benefit From India’s Budget
- Infrastructure, healthcare, renewable energy sectors in focus
- Sensex mostly declines in month after budget, history shows
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Infrastructure, rural development and health-care stocks are among analysts’ top picks as India’s government is set to step up spending in a budget aimed at kickstarting investment to boost growth.
Construction spending, including on roads and ports, as well as incentives for electric mobility and renewable energy are likely going to be a focus in Finance Minister Nirmala Sitharaman’s budget speech on Tuesday, as policy makers seek ways to help the economy out of the malaise left by the pandemic.