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From tax collections to disinvestment to fiscal deficit, the numbers are likely to be sharply lower than the projections in the last budget.The coronavirus
Recession in India will end latest by March, says a top economist businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.
Kumar Mangalam Birla says markets are too euphoric and the economists are too pessimistic
Sanchita DashJan 25, 2021, 18:09 IST
BCCL
One of India’s biggest billionaires, referring to the bull run in the markets, said economists are now searching for alphabets that will adequately describe this trend of cautious optimism.
The Reserve Bank of India in its financial stability report pointed out that the ‘disconnect’ between India’s
stock market and economy definitely poses risks to financial stability.
Birla said that several indicators like GST collections, electricity demand, railway freight movement and passenger vehicle sales have shown positive growth numbers in the recent months.Kumar Mangalam Birla, one of India’s biggest business leaders and the owner of the over $48 billion