NEW DELHI: Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit.
Panagariya, 61, whose market-friendly, pro-growth economics has helped shape Modi's outlook, told Reuters in an interview that higher spending is critical to India's economic revival.
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