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Over 50% of economists in a recent Reuters poll said government spending would be the primary driver, with investment playing a pivotal role. However, there are doubts over whether private sector investment will increase in order to add to the government's capex push. Despite predictions, there may be downgrades on the back of the challenging global economic outlook.
This paradigm shift in India's defence landscape has transformed the country from primarily being an importer of defence equipment to emerging as an exporter of significant platforms
The broader economic policy landscape under the current regime seems to be plagued by an environment of intellectual bankruptcy.
This is the third month in which goods exports have declined.
Imports too declined by about 14 per cent, fifth month in a row, to USD 49.9 billion as against USD 58.06 billion recorded in the same month last year, the data showed.