India budget: Is it enough to revive the Covid-hit economy?
The government has announced huge spending plans on infrastructure projects in this year’s budget. …
“With no major populist sops, the budget seems to be again putting economic growth over any political expediency – especially in light of the pending state elections,” said Prabhat Awasthi – managing director & country head at Nomura. Even the higher spending on public schemes, he adds, is focused on infrastructure building – such as affordable housing – rather than direct cash handouts.
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