The government's annual Economic Survey report said its baseline scenario for growth for 2023/24 was 6.5%, with nominal growth, which accounts for inflation, forecast at 11%.
Annual 'marginal increase' in budget allocation goes in salaries & allowances, leaving little for development & modernisation, say officers part of forces that make up the CAPF.
Private sector is also hoping for a high budgetary allocation for defence capital expenditure since it will translate into more acquisition programmes fructifying.
Experts believe although the PLI schemes currently extended to 14 sectors have been beneficial, reduction in administrative inefficiencies, compliance burden would further help industry.
Infrastructure & railway sector experts are, however, optimistic and emphasise that India has shifted focus from basic to building next-level infra & infra for future, which takes time.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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