The big capex push will not only create productive assets, but also more jobs. This, in turn, will create sustainable demand as well as crowd in private investment and push growth.
The FY23 fiscal policy appears to be guided by the objective of sustaining economic growth momentum while also being committed to gradual fiscal consolidation.
The Modi government has given a boost to capital expenditure and announced several infra projects to pump-prime private investment and economic recovery.
The nation’s 28 states, which account for about 60% of total govt expenditure on infrastructure & asset creation, are hamstrung by declining tax revenue & cost of fighting Covid.
The government's planned capital expenditure for the current fiscal has been increased to Rs 4.39 lakh crore, as against the Budgeted Rs 4.12 lakh crore.
In an interview with Anandabazar Patrika Shankar waxed eloquent about her many objections to the pallu not covering the bosom area of Gen Z women. She called them ‘women of the street’.
With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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