India foreign direct investment (FDI) remains healthy while competitive federalism, the devolution of economic resource allocation and decision-making to the states is producing results said Adrian Lim, senior investment manager at Aberdeen Asset Management. In an interview to ET he said though corporate earnings growth has been stalling there have been signs of resilience among individual companies.
The Union Budget announcements have revived market sentiments. Do you think the worst is behind?
The budget’s focus was on rural sector. A fat part of $289 billion in projected spending will go on rural infrastructure, agriculture and social programmes. More will be doled out through direct benefit transfers that will, for example, help f…
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