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.
LEAP India shares fall 12% post-listing, slip below IPO price. What should investors do?
LEAP India shares dropped from their listing price, slipping below the IPO issue price after a modest debut. While analysts highlight the company’s leadership in