The fiscal deficit for FY23 has been projected at 6.4 per cent of GDP - a consolidation - but in absolute terms, the deficit is higher than FY22.
The FM's speech boosted sentiments through announcement of anticipated reforms like infra funding through a new DFI, 'bad bank'-type structure for resolution of stressed assets
The strong, dynamic, innovative and proactive policy response of the RBI and the government went a long way to stabilise the system
The domestic financial sector, including banks, will have a crucial role in financing the envisaged capex
Hype around what's possible in digital does injustice to what's possible in real