Currently, the government spending cycle, notwithstanding this year’s blip (which we think is a blip, and we will discuss the reasons later), looks to be on the path of continued increase. Secondly, PSUs today are more operationally efficient than they have ever been in the last 25 years of India’s history. Both of these factors give me conviction about PSU earnings and asset growth.
Gold poised for weekly loss as US delays decision on Middle East involvement
Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.