Traditionally, the growth rate depends upon the growth of the industrial, agriculture and service sector but the trading market is also one of the major sectors for capital formation.
Despite a conservative global sentiment, "industries such as infrastructure and manufacturing continue to project robust growth, indicating the need for targeted investments in certain sectors", he added. Salaries in India To Increase by '9.5%' in 2024 As Infrastructure and Manufacturing Industries Continue To Project Robust Growth: Report.
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GIC will be deploying $500 million in the infrastructure business for a 49% stake. The investment will take place in tranches, with an initial $100 million and $400 million to come in over the next two to three years on a need-to-draw down basis. This will be linked to Sterlite Power winning transmission project tenders and planned capex.