Rashesh Shah, Chairman and CEO, Edelweiss: Long term structural reforms key to growth

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Rashesh Shah, chairman and CEO of Edelweiss Group believes that the government needs to increase its spending through direct investments in projects and putting cash in the hands of people in the form of tax cuts or by reducing GST on products. Shah says that it is important to create a bigger four-year disinvestment target rather than yearly ones and create more avenues for asset sales. With nominal GDP expected to grow by 15-16 percent during FY22, Shah expects that it will provide the government with the window to increase its expenditures