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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.
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If it does hold, expect a choppy trading session in between 25,200 to 24,600; but if the support breaches, then brace yourself for the impact because that can see a potential downside in the index and even these stocks before the October series.
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Pam Kaur is the first woman in the banking giant's 159-year history to become its chief financial officer.
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News and Media
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