Finance Minister Nirmala Sitharaman will present the interim Budget, which will focus on government spending on infrastructure. The Narendra Modi government's spending on infrastructure has been growing at a 30% CAGR in the last 4 years. The government is expected to raise allocation towards rail, roads, and other infrastructure projects. Infrastructure-related companies in construction, cement, and steel could benefit from increased government spending. Railways capex is expected to further increase to 20% growth YoY while defense spending growth may be in single digits.
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