Indian government's efforts for fiscal consolidation expected to harm economy.

By bne IntelliNews February 7, 2013
The Indian government's attempt at fiscal consolidation could harm the economy, while trying to prevent a sovereign demotion. As reported by The Economic Times, the nation's revenue expenses grew 10.7% during April-December last year, while the budgeted capital expenses grew 9.6%. The decline in the public investments in vital infrastructure is likely to have connotations for economic growth.

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