Neelkanth Mishra, Chief Economist at Axis Bank, believes that the Indian government may have extra cash in hand this year, resulting in lower borrowing for the next year. While the growth in capital expenditure may slow down, there should still be room for it as subsidies and basic expenditures like salaries and pensions are expected to decrease. Mishra also expects the government to continue its focus on macroeconomic stability and prioritize stability for growth.
