View: Nifty job on expenditures, just keep an eye on fiscal deficit post-Covid

View: Nifty job on expenditures, just keep an eye on fiscal deficit post-Covid
By C Rangarajan, ET CONTRIBUTORS
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Synopsis

Even the high fiscal deficit target of 4.5% of GDP by 2025-26 is optimistic, and the total expenditure is likely to remain static, despite higher capital expenditure.