Chetan Ahya of Morgan Stanley discusses the current slowdown in India’s urban economy and predicts a recovery driven by increased government expenditure. He highlights signs of improvement in rural demand and private sector capital expenditure. Despite the short-term urban slowdown, projections indicate a stabilized GDP growth rate close to 7% in the near future.
European shares close at record high driven by defence stocks
European stocks hit a record high Friday, buoyed by defence and insurance sectors, ending the year on an optimistic note. The STOXX 600 index saw