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This year s interim budget, presented by Finance Minister Nirmala Sitharaman, takes place in a turbulent global economic environment. Despite this, the budget maintains a balance between economic growth and fiscal consolidation, with a fiscal deficit of 5.1% of GDP. The budget also supports capital expenditure and rural infrastructure, promotes investment in post-harvest infrastructure, and establishes a corpus for interest-free loans to support research and innovation. ....
Indian Economy: According to CII President R Dinesh, India is in a "sweet spot", owing to various reasons, including the government s focus on infrastructure and the push for ease of doing business. ....
"We actually found a significant majority of our members, which we surveyed, saying that their investments in H2 are going to be higher than H1. Investments are also more broad-based this time," Dinesh said, adding that even capacity utilisation is between 75% and 95% for most sectors. ....