Synopsis
On an average, economists at almost all the rating agencies and brokerages have forecast 0.4-0.7 per cent positive growth for the economy that has contracted a record high 23.9 per cent in the first quarter and 7.5 per cent in the second quarter of the current fiscal.
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As per the report, credit growth slipped to 5.6 per cent in late January from 6.2 per cent on January 1.
MUMBAI: Against the majority view of a rebound in the growth numbers for the December quarter, the house economists at the Wall Street brokerage Bank of America Securities on Tuesday pencilled in a 1 per cent contraction in India s GDP for the third quarter.
GDP to contract 1% in Q3: BofA
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Budget 2021 likely to focus on growth, structural reforms: Report
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Last Updated: Jan 29, 2021, 02:21 PM IST
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Synopsis
On government capex, the report expects it to reverting to 18 per cent. In FY2017-19 the government s infra spend was scaled up to 18 per cent of budget expenditure from 10 per cent in FY14 but it was scaled down to 16 per cent in FY21.
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Mumbai: The budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report. Bank of America Securities India expects the budget to peg fiscal deficit at a high 5 per cent of GDP for FY22 and 7.2 per cent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank .
Budget likely to focus on growth, structural reforms: Report
Bank of America Securities India expects the budget to peg fiscal deficit at a high 5 percent of GDP for FY22 and 7.2 percent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank . PTI
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The budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report.
Focus on growth, structural reforms likely in Budget 2021: BoFA Securities
The budget may also have an announcement to create a domestic financial institution to help fund port, road, and power projects with an initial equity capital of around $14 billion, Bank of America Securities India said
PTI | January 29, 2021 | Updated 15:19 IST
The budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report.
Bank of America Securities India expects the budget to peg fiscal deficit at a high 5 per cent of GDP for FY22 and 7.2 per cent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank .
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