Budget 2016 to be better from growth perspective: Nomura

Prabhat Awasthi, Nomura says he expects the Budget to be positive and expansionary for growth.

According to him, the fiscal consolidation process over the past couple of years has entailed lower subsidies, expenditure cuts, not allowing pass through of windfall oil gains and reduced central support to various schemes. This has adversely affected growth, he feels.

Awasthi believes that the 2016 Budget will be a better from growth perspective.