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Economy

Budget 2020 may hurt rather than stimulate growth

Updated : February 04, 2019 06:32 AM IST

If India had a fiscal council, it would have probably stated the fiscal deficit for this year at 4 percent of the GDP.
The FY20 budget is being seen as an expansionary budget, as a growth stimulant, given the boost to consumption.
Nomura’s economist Sonal Varma is already forecasting GDP to fall to between 6.5-7 percent in FY20.
Budget 2020 may hurt rather than stimulate growth

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