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FinMin sees multiplier effect from capex, heavy infra spend - The Hindu BusinessLine


FinMin sees multiplier effect from capex, heavy infra spend
Tuhin Kanta Pandey   -  Businessline
2/5
Confident of managing the enhanced borrowings through long/short-term instruments
Finance Minister Nirmala Sitharaman’s Budget A team is confident that the proposals will unleash a multiplier effect in the economy, while giving a much-needed infrastructure sector push.
This expansionary Budget also caters to the immediate needs around increased spend on health and other social programmes in a post-pandemic world. Although the government proposes to go in for a large borrowing of around ₹12-lakh crore in FY 21-22 as well, the Finance Ministry honchos are confident that a roadmap is in place for accomplishing these borrowings through a mix of long and short-term instruments. ....

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