Stimulus withdrawal to hit growth
Financial Express, February 1, 2010, Page 3
Press Trust of India, New Delhi
In the backdrop of RBI’s advice to the government to withdraw some of the stimulus measures, industry chamber Ficci on Sunday cautioned it will be “dangerous” for economic growth and employment if fiscal incentives given to spur economy were rolled back.
Ficci’s comments come at a time when everyone is counting days for the big day of Budget,likely on February 25.
Ficci secretary-general Amit Mitra said it is a difficult choice between promoting growth and containing fiscal deficit, which is pegged at over 6% for the current fiscal due to duty cuts and increased public expenditure.
Financial Express, February 1, 2010, Page 3
Press Trust of India, New Delhi
In the backdrop of RBI’s advice to the government to withdraw some of the stimulus measures, industry chamber Ficci on Sunday cautioned it will be “dangerous” for economic growth and employment if fiscal incentives given to spur economy were rolled back.
Ficci’s comments come at a time when everyone is counting days for the big day of Budget,likely on February 25.
Ficci secretary-general Amit Mitra said it is a difficult choice between promoting growth and containing fiscal deficit, which is pegged at over 6% for the current fiscal due to duty cuts and increased public expenditure.
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