India's long-term growth prospects embedded in public capex programmes: Sitharaman at G201 min read . Updated: 15 Jul 2022, 02:31 PM IST
- The government has been focusing on increasing capital expenditure to push economic growth to revive economic demand post-pandemic as it acts as a multiplier for infrastructure creation. Government is of the view that higher public spending would crowd in private investment.
BENGALURU: Emphasising on the importance of capital spending amid global uncertainty, Finance Minister Nirmala Sitharaman on Friday said that India's long-term growth prospects were embedded in public capex programmes. Speaking at the 3rd G20 Finance Ministers and Central Bank Governors Meeting hosted by Indonesia in Bali, Sitharaman outlined that evidence-based policy making was vital for resilient economic systems.
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