India must rely on domestic growth drivers, infra amid global slowdown: EY India
"In the presence of continuing global economic slowdown, India may have to rely largely on domestic growth drivers," says a report by EY India.
"In the presence of continuing global economic slowdown, India may have to rely largely on domestic growth drivers," says a report by EY India.
EY India has said FY24 could be a challenging year for the government with the likely fall in the nominal GDP, which will restrain the fiscal elbow room for the government.
EY India says govt is likely to focus on home loans, and concessional tax regime, and that rejigging of personal tax slabs looks unlikely.