Higher investments will have to be accompanied by higher domestic savings to keep the savings-investments gap under check. The big missing link now is the government’s focus on stepped-up capital expenditure on infrastructure, but not enough commensurate steps to encourage savings, the report noted.
L&T Technology Services shares jump 3% after bagging $75 million deal
L&T Technology Services shares gained up to 3.3% after the engineering services company secured a five-year deal worth more than $75 million from a leading