India Is Building More Roads and Railroads. 7 Stocks to Buy.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
0mins
Source: MarketWatch
- Infrastructure Development in India: Significant increase in infrastructure spending in India over the past decade under Prime Minister Narendra Modi's leadership.
- Road Construction Expenditures: Expenditures on road construction have increased 12-fold since Modi became prime minister.
- Urban Metro Systems Budgets: Budgets for urban metro systems have risen eight times during the same period.
- Railroad Spending: Railroads have seen a five-fold increase in budgets.
- Total Infrastructure Spending: Estimated total infrastructure spending in India over the last five years is around $800 billion, indicating substantial investment in the sector.
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About IBN
ICICI Bank Limited is a diversified financial services company offering a range of banking and financial services to corporate and retail customers through a variety of delivery channels. The Company offers life and general insurance, asset management, securities broking and private equity products and services through specialized subsidiaries. Its segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others. Its commercial banking operations for retail customers consist of retail lending, deposit taking, distribution of insurance and investment products and other fee-based products and services. It provides a range of commercial banking products and services, including loan products, fee and commission-based products and services, deposit products and foreign exchange and derivatives products to large corporations, middle market companies and small and medium enterprises. It offers agricultural and rural banking products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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