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Private Sector Investment to be Revived with Govt Spending, Says SBI Chairman
August 07, 2019
State Bank of India (SBI) chairman Rajnish Kumar said that India’s slowing economy will soon be powered by government’s spending. He said that slowdown in demand in almost every sector is easily visible and the major spending boost is to come from the government itself.
Kumar said that India Inc is looking for government’s support in the form of lower interest costs that can help overcome the slowdown of growth that’s hit a 5-year low.
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