Modi’s Nation-Building Push Sparks $125 Billion Rally in Industrial Stocks
- Massive infrastructure projects fuel surge in sector’s shares
- Visibility is high for the infrastructure sector’s growth: M&G
With a road, airport, tunnel, metro or power facility under construction almost everywhere in India, the nation-building push is luring investors to the sector.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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A tectonic shift toward industrial stocks is underway in the world’s most-populous nation, which has long been seen by equity investors as a lucrative bet on consumption.