“It is encouraging that the fiscal deficit target has been revised downwards from 3.4% to 3.3%. Strengthening PSU banks’ capital and improving RBI’s oversight on the financial sector will likely improve the flow of credit in the economy. A series of measures to enhance capital flows and employment generation are also great steps. Better growth with macro-economic stability will be the ideal outcome.”
The author is Senior Vice President and Chief Financial Officer at Wipro Limited.
(Published 05 July 2019, 13:48 IST)
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