Government spending crucial, hope it does not pursue aggressive tightening, says Canara Robeco AMC’s equity CIO

With demand weak, private capex subdued, and household incomes seeing limited growth, the government spending remains crucial, said Shridatta Bhandwaldar, chief investment officer-equities at the company. The previous budget marked a pivot towards consumption and revenue expenditure, and this one should avoid further tightening, he said, adding that defense capex is also expected to rise…

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