Authorities are expected to cut spending in a bid to reduce the budget deficit The Indian government is likely to cut investment spending in the coming years in an effort to reduce its budget deficit, Goldman Sachs has predicted. Recent rapid growth in capital expenditure “cannot be sustained going forward,” as the country’s authorities are aiming to slash the fiscal gap by around 1.5 percentage points in the next two years, Goldman economists Santanu Sengupta, Arjun Varma and Andrew Tilton wrote on Monday. Investment has been a strong driver of the Indian economy, contributing three percentage points to the growt
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