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Budget sets better economic prospects: Brickwork Ratings

Feb 12, 2020 12:23 IST

The Budget proposals, along with the RBI's liquidity boosting measures and coupled with previously announced measures, are expected to bring the domestic economy on an improved growth path in fiscal 2020, Brickwork Ratings said on Tuesday.

The report cited improved IIP, core sector activities and the Manufacturing PMI which showed substantial rebound. It expects that additional measures by the RBI like incentivising banks for further monetary transmission of rates amongst others are likely to improve the credit flow.