M&M, EMS to quick commerce: Bernstein lists 4 beneficiaries of India's $30 billion policy stimulus

Bernstein identified Mahindra & Mahindra, EMS, electric vehicles, and quick-commerce as four key beneficiaries of India’s $30 billion policy stimulus. The brokerage said, "The most direct beneficiaries are Electronics Manufacturing Services (EMS), emerging Aerospace & Defence companies, and the EV ecosystem." These sectors gained from government subsidies and tax cuts.