While the shift in government focus from capital expenditure (Capex) toward consumption-oriented measures may bring opportunities, there could be some risks, according to Buoyant Capital's Jigar Mistry. He made these comments during a conversation with Moneycontrol's N Mahalakshmi on The Wealth Formula Podcast.

“The transition from investment-led to consumption-led growth have some risks. It reduces potential GDP, and the shift takes time to materialize," he explained. State governments, Mistry said, are prioritizing election promises and social welfare schemes over infrastructure projects. Citing the ongoing Bihar elections, he noted that some leaders are pledging employment and benefits far exceeding what is realistically deliverable. “There are close to two crore households in Bihar,

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