In an exclusive conversation with InfraCircle, Vivek Gupta, partner (merger and acquisitions), BMR Advisors said the Budget was on expected lines with limited fiscal headroom. With the roll out of GST happening soon, the government has prioritised and sequenced spending as opposed to tax giveaway. He said the huge commitment for infrastructure, railways and rural economy will create a cycle of government-led spending, which in turn will increase consumption, bringing in private sector investment. Gupta said the governmentâs spending push was also to get over demonetisation impact.
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