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Budget 2024: India needs to sell assets to support spending, JPMorgan says

Summary by The Economic Times
India must focus on asset monetisation, says Sajjid Z. Chinoy, chief India economist at JPMorgan Chase, for fiscal prudence and funding, with Modi aiming to reduce the fiscal deficit. Tax revenues, RBI dividends will help improve credit ratings. Coalition pressures led to small stake offerings, replacing big-ticket sales. The budget aims to raise 500 billion rupees by March, supporting human capital investment effectively.
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