Collage by Mohommad Arshad.
Synopsis
Over the last five years, the government has become a big buyer of gold, debt, and has been spending on capital goods and even giving incentives and concession to healthcare and software companies. Investors tracking the government have made big returns.
When much of the investing community was chasing the new-age stocks like Paytm and Zomato and losing their shirts, one section was silently minting it from an unexpected corner of the market. It mostly didn’t fall in either of the popular investment buckets — growth or defensive —which are driven by consumers. It was the one where the state invested. Over the last five years, the BSE Industrial Index has given a return of 440% against 150% for
BY
Apr 25, 2025, 04:55:00 AM IST
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