View on Capex outlay : A lower fiscal deficit will cool bond markets By Satish Menon, Geojit Financial Services
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Below View on Satish Menon, Executive Director at Geojit Financial Services
Capex outlay increased by 33% to Rs 10 lakh crore for FY24. At this level, public capex will be 3.3% of GDP. Equity indices are in the green so far. But bond markets are getting jittery as expenditure looks elevated so far. 10-year bond yield has climbed 2 basis points to 7.38% since the FM announced the hike in capex outlay. A lower fiscal deficit will cool bond markets.
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