Fiscal spending will drive growth: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday said economic growth will continue to boost investment along with fiscal spending. It will “speed up the economy based on the idea of ​​growth at the macro level complemented by all-inclusive welfare at the micro level”, she said. Sitharaman was speaking at a virtual meeting of BRICS group finance ministers and central bank governors. The statement underscores the government’s continued focus on capex, as it bets big on its high multiplier effect. The Center has budgeted a capital expenditure of Rs 7.50 trillion for…