Slow Crawl To Recovery
Getting private investments going is imperative to get sustained 8% growth. Policy measures are critical to spur the private capex cycle
On the face of it, Budget 2019/20 does not have magnanimous steps to spur private investments that the Economic Survey underlined. But look deeper, and one can see a series of measured steps.
The government's intent to reduce fiscal deficit from 3.4 per cent of GDP in FY19 to 3.3 per cent in FY20 and raise a part of its borrowings offshore, will help 'de crowd' the bond
