Driving capex and growth with fiscal prudence riding pillion: Nirmal Jain

Driving capex and growth with fiscal prudence riding pillion: Nirmal Jain https://ift.tt/GO3UFmC recent study by IIFL Securities analysed expenditure trends in the last four pre-election-year (PEY) budgets. They concluded that governments do not always step-up revenue expenditure relative to capital expenditure. In 3 out of 4 PEY budgets, growth expenditure was accelerated much more than populist schemes. This point has been again reiterated in the budget.