Keki Mistry believes that the fiscal consolidation process will continue in India. He does not think it is too early to take the pedal off on capex given the volatile global environment. Mistry expects the allocation towards affordable housing to increase, as it generates employment and has a multiplier effect on the economy. He believes that the government will see enough interest in market borrowing with the inclusion in the bond index, which will bring liquidity and strengthen the foreign exchange position.
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