Indian economy faces twin problems of poor demand and high food inflation. The Budget needs to increase total expenditure/GDP and fiscal deficit to provide a stimulus to the economy. The earlier strategy of increasing capital expenditure but drastically reducing revenue expenditure and hence total expenditure/GDP and fiscal deficit has contributed to the current demand slowdown.
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I, Hemindra Kishen Hazari, am a Securities and Exchange Board of India (SEBI) registered independent research analyst (Regd. No. INH000000594), BSE Enlistment No. 5036. Please see SEBI disclosure here. Investment in securities market are subject to market risks. Read all the related documents before investing. Registration granted by SEBI, enlistment of BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The securities quoted are for illustration only and are not recommendary.
