In a Mint article, Niranjan Rajadhyaksha, Executive Director of Artha Global, says that while the festival season began with fears of a further slowdown in consumer spending, some signs of recovery have emerged.

“Some $254 billion of the total investment pipeline of large Indian conglomerates is accounted for by new sectors such as green energy, semiconductors, electric vehicles and data centres.”

He also states that Indian business houses’ aggressive push into green energy and semiconductors marks a new wave of private investment in unfamiliar sectors. However, history shows that past investment booms, like the 1980s’ consumer electronics push, often ended in failure, from financial stress to corporate wars.

Read the full article here.

Image sourced from Mint