Conservative approach from government to not overspend in slowing economy

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There were high expectation from the Budget given the larger mandate of the new government.

This excitement met with the weak financial position, limiting the government from announcing eventful new measures.

Though below expectation, it provides a prudent plan for FY20 with a conservative approach to not overspend during this slowing economy.

(The writer is Head of Research, Geojit Financial Services Ltd. The views expressed are personal)

–IANS

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