Winner and losers from India's conservative Budget

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India's Budget on 1 February indicates that the country will continue on its rapid trajectory in becoming the world's biggest economy, with the key takeaway being the government's emphasis on increased growth by focusing on investment in infrastructure and job creation, says David Cornell, managing director of Ocean Dial Asset Management, manager of London-listed India Capital Growth and UCITS strategy Gateway to India. A 24% increase in allocation to government capital expenditure and 50-year interest-free loans to the States for infrastructure spending have been designed to "crowd in" ...

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