Govt may not need to borrow much more than the expected borrowings and that the international rating agencies could refrain from threat of downgrades, but damage to growth momentum could take time to reverse, Deepak Jasani , Head – Retail Research, HDFC Securities, said in an interview with Moneycontrol’s Kshitij Anand .
Edited excerpt:
What are your expectations from the upcoming Budget? The Budget 2020 will be a crucial policy event with the market focus on potential near-term demand-booster from the government and the contours of fiscal deficit arithmetic.This will also impact FPI flows that have been good in 2019 […]
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