Budget 2021 Expected To Focus On Consumption; Revival Of Private Sector Investments: KRChoksey
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KRChoksey Research Report
India remains a high growth story when compared globally; and structurally well placed in a global/emerging market context with high savings rate; low debt burden (both household and government debt) and sound forex reserves with enough headroom to increase tax revenue contribution to gross domestic product.
We view the near-term economic slowdown in India as a ‘temporary situation’ and expect the series of coordinated measures between the government and central bank to help revive the economic growth trajectory and to achieve the anticipated target of $5 trillion economy by 2025.
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