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Modi's infrastructure splurge revives investment in India
Published Tue, Oct 13, 2015 · 09:50 PM
New Delhi
PRIME Minister Narendra Modi's bet on higher public spending to spur economic activity in India has started paying off, as capital investment shows signs of sustained revival after years of uneven growth.
But corporate spending is still tepid and federal revenues remain stressed, raising the risk of another false dawn for Asia's third-largest economy as it tries to recover momentum.
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