01-02-2024 02:46 PM | Source: PR Agency
Post Budget Comment on Fiscal Deficit by Aniruddha Naha of PGIM India Asset Management
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Below the post budget comment on fiscal deficit by Aniruddha Naha, CIO – Alternates, PGIM India Asset Management.
“The government has stuck to the path of fiscal prudence and it was a welcome surprise to see the fiscal deficit revised estimates to be at 5.8% and a glide path towards 5.1% and 4.5% over the next two years. Also, growth in tax assumptions are below 12%, which is conservative and gives the government reasonable elbow room to continue its investment oriented growth plans.”
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