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Budget 2019: Weak growth may prompt govt to borrow more, say economists

Around 60% of economists, 21 of 37, who answered an additional question about the focus of the budget said it would be more on fiscal expansion than prudence

Vivek Mishra | Reuters 

Indian government will turn on the fiscal taps in the federal budget on Friday and revise its borrowing target slightly higher for this year and next, prompted by a slowing economy and weak jobs growth, a Reuters poll of economists showed. After winning a second term by a landslide a little over a month ago, Prime Minister Narendra Modi's government's first budget since then is forecast to echo an interim budget from February in borrowing to spend more on social welfare. The median forecast in the series from the June 28-July 2 poll of over 45 economists showed the ...

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First Published: Wed, July 03 2019. 09:49 IST