The forthcoming Budget could think of maintaining public capital expenditure at 3 per cent so that domestic resources are available for private investments, points out N R Bhanumurthy.
Donald Trump's Presidency of the United States will open new opportunities for India though certain sectors, especially pharma and IT, may face the heat if the incoming president decides to impose restrictions on imports and H1B visa regulations, experts said on Wednesday. Prime Minister Narendra Modi's friendly relationship with Trump will have a positive bearing on Indo-US relations but India may have to adapt its strategies to maintain cooperation in areas of mutual interest.
The Palaniswami government is expected to utilise the Rangarajan Committee's recommendations before the 2021 assembly election.
He was speaking to reporters on the sidelines of a conference organised by the Madras School of Economics.
Fiscal correction is needed even after the changes that have been made now, otherwise the fiscal deficit would tend to be high.
Poor faculty and scholarships also dissuade students.
'We need not worry about the market. If we do the right things, the market will come around,' says economist Raja Chelliah.
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