Economists predict that Indian consumer spending during this year’s festival season will be slightly better than last year, but it is unlikely to significantly boost the country’s already fast-growing economy. Despite expectations of 6.3% growth this fiscal year and next, the survey data suggests that a Reserve Bank of India interest rate cut is still far off. While consumer spending in the current quarter is expected to provide some lift, the overall growth outlook for the year remains unchanged.
Afcons Infra’s Rs 5,430 cr IPO opens tomorrow. Price band, GMP among 10 things to know before subscribing
The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25 and close on October 29. The company aims to raise