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Road construction usually sees a drop in an election year as the execution of projects is delayed during the model code of conduct and project awarding is delayed in the financial year before the Lok Sabha elections.
Nageswaran also rejected the K-shaped recovery theory that is being used to describe India's post-pandemic rebound. According to him, it is akin to the phrase 'Hindu rate of growth' that was
According to the finance minister, state governments have been
The lower level of borrowing by the central government is a positive for interest rate-sensitive segments such as real estate, autos, PSU banks, NBFCs and small private banks.
Shankar added he expects the government to improve on the Rs 11.11 lakh crore capex for the infrastructure segment once it returns to power.