Govt likely to stick to fiscal consolidation path, focus on rural economy: Santanu Sengupta, Goldman Sachs

July 16, 2024

“When government spending on capex was raised from 1.5% of GDP to over 3% of GDP, that provided a positive impulse to growth. It cannot continue with that kind of growth rate anymore and will flatten out. So, it will be around 15% for capex growth against the budgeted number of 17% YOY.”

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