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ICRA advises India to aim for Rs 11 lakh crore in capital spending and adjust taxes to boost growth.
Rating agency ICRA recommends the Indian government target Rs 11 lakh crore in capital spending for the next fiscal year and offer inflation-adjusted tax relief to boost consumer spending.
ICRA's Aditi Nayar suggests keeping borrowing within limits and setting a realistic capital expenditure number to avoid increasing the fiscal deficit.
The agency forecasts GDP growth of 6.5% for the current and next fiscal years.
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ICRA aconseja a la India que apunte por Rs 11 lakh crore en el gasto de capital y ajuste los impuestos para impulsar el crecimiento.