New Delhi: With the economy appearing to regain speed, finance minister Nirmala Sitharaman on Tuesday decided to sustain the focus on public spending to spur economic activity and demand for inputs such as steel and cement through what is called a “multiplier effect”.
Through higher capital expenditure the government is hoping to create conditions for the private sector to start the investment cycle once it exhausts the excess capacity at its plants, a theme that was argued in the Economic Survey on Monday.
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