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.
Explained: Why Vedanta Aluminium, Hindalco, Nalco shares tumbled up to 7% on Friday
Vedanta Aluminium, Hindalco and NALCO fell as aluminium prices retreated after Norsk Hydro resumed Alunorte refinery production, easing supply shortage concerns.