View: Budget focus is on expenditure to accelerate growth. Deficit will be exceeded

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View: Budget focus is on expenditure to accelerate growth. Deficit will be exceeded
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, TOI Contributor
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Synopsis

The Budget has made a sincere attempt to pull up the economy. The emphasis on capital expenditures is well taken. There’s a substantial increase as a proportion of GDP. The shift is more in the composition than the total of expenditures. It’s unlikely that the fiscal deficit will hold. We shouldn’t be surprised if it exceeds.