New International Monetary Fund Mission Chief, Michael Perks (second from left), and his team listen attentively to Minister in the Ministry of Finance, Eco .
In the last budget, the capex outlay was raise by 37.4% to Rs 10 lakh crore. Latest GDP data also showed encouraging trends on capital formation. While these figures point to a strong growth trend, India should not divert its focus from pushing public spending, Ficci said in a pre-budget note.
Recent events around the world, including the covid pandemic and major wars, mean that stability, security and reputational issues have become even more important