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Top Brokerages Highlight Budget 2025 Focus On Consumption Boost, Inclusive Growth, Fiscal Consolidation — A Roundup

Elara Capital observed a structural shift in budget priorities under PM Modi’s government. “From a capex-heavy model, the focus has moved towards boosting demand, especially in urban areas,” it said.

Despite a steady capex-to-GDP ratio of 3.1%, spending has shifted from roads and railways…

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