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Economic slowdown: No big-bang fiscal stimulus likely

The statements underscore the government’s discomfiture to loosen its purse strings in a big way, given the ‘limited fiscal space’ amid subdued tax collection growth. Nevertheless, it will likely opt for targeted interventions in critical sectors like auto, MSMEs and infrastructure. Also, it could front-load its spending to spur demand.

from The Financial ExpressThe Financial Express https://ift.tt/2KPkdHs
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