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Govt efforts to drive investment growth are long-term positive.
Jul 09, 2019

Setting the tone for the new government, the Union Budget 2019-20 emphasises boosting infrastructure development, improving credit flow through recapitalisation of public sector banks (PSBs), addressing the non-banking finance companies (NBFC) issue, boosting foreign flows and a steady social sector spending to provide basic amenities to all. 
 
At the same time, the budget shows intention to follow fiscal consolidation path by reducing fiscal deficit estimate to 3.3% for FY20 and 3% for the next two years thereafter. In the backdrop of global trade tensions, the government intends to make use of opportunity by inviting global companies to set up manufacturing plants here.
    

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