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Unlike many other global economies, the Indian economy is not in the emergency room of the hospital and therefore our doctors are rightly recommending a good, strong diet of sustainable growth based on investment in infrastructure and inclusive growth rather than giving in to the temptation of fast-acting drugs. Consistent with this philosophy, it would be good if there was an articulation of how the fiscal deficit would be brought back to sustainable levels over the next few years. Clearly, this is a budget from a government that has five years in which to build a strong economy and investors who are looking at a three to five year time frame for their investments might find the opportunity that the market is currently presenting, interesting.
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