Government May Cut Spending to Control Deficit, Opening Door for Private Investment Pickup
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Government likely to scale back investment spending to curb budget deficit over next 2 years per Goldman Sachs.
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This may allow private sector to increase investment to offset lower public spending.
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Private investment weakened over past decade but public investment picked up the slack.
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Companies can now boost investment as they reconfigure supply chains and leverage Make in India.
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Banks have capital to lend and regulators are fast with clearances, aiding private corporate capex revival.
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