Easier bank lending, relief for NBFCs, reduced cost of borrowing—overall the 2019 Union Budget has been a growth-supporting budget, estimates Latha Venkatesh. In addition, this budget saw the government take a monumental step that it has avoided for the past 40 years. It has decided to borrow from overseas to fund its fiscal deficit purposes, which is a bit worrisome seeing the examples of Latin America and East Asia. However, at the moment, the bond market is glad to be relieved of some burden.
Watch the video to find out what other big changes were announced in Nirmala Sitharaman’s maiden budget.
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