Mumbai: Most finance managers at Indian and multinational companies don’t expect the government’s fiscal deficit and economic growth targets to be met in the coming financial year, a survey by Yes Bank Ltd and ‘Mint’ has found.

A majority also said the budget didn’t give sufficient impetus to the growth of small and medium enterprises, which employ a large portion of India’s workforce.The CFOs were impressed with the higher revenue allocation made by the budget for agriculture, which they said would help ease supply-side constraints hindering farm growth. They are also upbeat about prospects of the Reserve Bank of India easing interest rates further to stimulate economic growth, capital investment and consumer spending.Yet, they are uncertain about raising capital either in the form of debt or equity. Most said they still faced liquidity constraints. The survey was conducted at the Yes Bank National CFO Forum.

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