Manage Deficit with Eye on Growth
While fiscal consolidation must be a major priority for the budget, any effort to restrain fiscal deficit should be mindful of the impact on investment and manufacturing growth, already reeling from multiple challenges, says Mr Chandrajit Banerjee, Director General, CII. In fact, there is no contradiction between boosting investment and managing fiscal deficit. An innovative budget that tweaks taxes, and policy options outside the budget could greatly boost investor sentiment.
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