Pantheon Macroeconomics

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1st Feb 2023 15:51Emerging Asia, Daily Monitor

  • Ignore the fanfare over India’s budget; consolidation still is the primary aim, limiting the growth impetus.
  • Next fiscal year’s revenue target is realistic, but the planned historic boost in capital expenditure is not.
  • The jump in core IP growth to a three-month high of 7.4% year-over-year in December will be a one-off.

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Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence