Since the Reserve Bank of India released its discussion paper on Wholesale and Long-Term Finance Banks (WLTF), much ink has been spilt over how it is much needed or how it has been tried before with ICICI, IDBI, IDFC etc. and failed. India’s infrastructure is generally accepted as inadequate and inefficient. India could do with sizeable investments in power, roads, railways, public transport and a hundred other basic infrastructure projects. Finance Minister Arun Jaitley had pegged the required investment over the next 10 years at $1.5 trillion; about 75 percent of India’s 2016 GDP.
Midcap stocks that find no takers among active fund managers. Check your portfolio
Read More
