India is in a strong financial position. The recent economic slowdown was temporary. The government is expected to increase spending. This will boost the economy. Private sector borrowing is at a low. A lending boom is expected in the private sector. This will lead to a big investment cycle. India will stop borrowing money to pay interest in three years.
RITES shares soar nearly 13% after securing Rs 532 crore order from Northeast Frontier Railway
RITES Ltd shares jumped 12.6% after securing a Rs 531.77 crore railway electrification order from Northeast Frontier Railway, boosting its order book to Rs 6,581