Sitharaman Stresses Capex and Fiscal Discipline
Finance Minister Nirmala Sitharaman said capital expenditure, or government spending on long-term assets, is key to India's growth. Speaking at an HSBC event, she said spending would stay guided by fiscal discipline, meaning careful control of the budget deficit, while encouraging private investment.
Context
India's budget has long balanced public spending for growth against limits on borrowing, a debate that resurfaces each year before the budget and during slower economic periods. Capex is a common lever governments use to create jobs and attract private investors.
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