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Business trends

Indian automakers count on populist interim budget to boost sales

Shares soar in Maruti Suzuki, Hero Motocorp and consumer goods companies

Indian automobile manufacturer Aftek Motors' Knight Rider 170cc motorcycle on display at the 2018 Auto Expo in Greater Noida, near New Delhi (AP Photo/Altaf Qadri).

MUMBAI -- Companies and investors in India's consumer sector are hoping for an increase in spending in rural areas and among the middle classes after Prime Minister Narendra Modi's government on Friday announced measures that will benefit these segments of society.

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