Stocks Likely to Benefit From India’s 2024 Interim Budget
- Modi government may keep the focus on capex, rural spending
- Shares of infra firms, state-run companies have been rising
Development of highways, tunnels and power plants is among the key focus areas for the government.
Photographer: Arko Datto/BloombergThis article is for subscribers only.
Companies building roads, ports and airports are on traders’ watchlist as Prime Minister Narendra Modi’s administration is set to present its last budget before the national elections.
Shares linked to rural spending and state-owned firms are likely to be a focus area in Finance Minister Nirmala Sitharaman’s budget speech on Thursday, as policymakers seek ways to boost demand in the vast rural hinterland.