INDIVIDUALS ARE INCREASINGLY investing in infrastructure funds as India is at the initial phase of a cyclical economic recovery led by government investments. While India's overall investment rate had declined sharply in the past few years dragged down by declining household and private sector investment, there are signs of a revival, especially in household investment in the residential real estate sector.
Anand Vardarajan, business head, Banking, Alternate Products & Product Strategy, Tata Mutual Fund, says the infrastructure sector looks well-poised for an upcycle as the growth in the gross fixed capital formation which had seen a dip in the last few years is now showing signs of revival. "Many sectors are now back to, or beyond pre-Covid levels which augurs well for sustained growth. In this context there will be a need for additional capacity. Hence sectors like capital goods, construction, realty, etc., could benefit, which basically constitute the infra sector," he says.
This story is from the November 21, 2022 edition of Financial Express Mumbai.
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This story is from the November 21, 2022 edition of Financial Express Mumbai.
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