Budget creates space for supporting economy: CRISIL MD & CEO Ashu Suyash

This is quite an expansionary Budget that rightly hits the pause button on fiscal consolidation to create space for supporting the economy and to work towards erasing the pandemic scars.

It lays out a rather relaxed fiscal consolidation path for the medium run, which can be realised if growth remains healthy, and there are a number of steps to push up the medium-term growth potential.

The onus was on the government to do the heavy lifting for reviving the investment cycle as a broad-based recovery in private capex is not yet in sight. Quite in line, it has raised the capex allocation