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Economists prefer capex route to boost demand amid economic slowdown

Though MGNREGA and PM-Kisan have clear rural focus, they think excess public spending should only be on capex

Abhishek Waghmare Sanjeeb Mukherjee  |  New Delhi 

While unequivocally supporting fiscal expansion in the upcoming year, economists are urging the government to take the capital expenditure (capex) route, and preferably spend on capital assets and infrastructure projects, rather than raise allocation to rural-centric cash or employment schemes.

Former governor of the Reserve Bank of India, C Rangarajan, told Business Standard that a “little relaxation” of fiscal deficit target would be needed to arrest slowdown. “Any excess government spending should be investment-led. We are in a situation where an investment ...

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First Published: Wed, January 08 2020. 20:14 IST
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