New Delhi : Terming the Economic Survey 2013-14 as a “realistic” assessment of the current picture, India Inc hoped that the Budget will address key issues like infrastructure development outlined in the document to revive growth.
“The bold reform measures outlined in the Economic Survey need to be implemented on the ground to re-energize investment and revive demand in the economy. In fact, the various measures that find mention in the Survey raise expectations that the Budget would be a most progressive one,” CII President Ajay Shriram said.
“It is eminently feasible to revive investment and script a turnaround in growth provided the government adopts a three pronged approach of creating a framework for sustained low and stable inflation, setting public finances on a sustainable path by tax and administrative reforms and creating a legal framework for a well-functioning market economy,” he added. “We hope that some of the concerns and priorities highlighted by the Survey like controlling fiscal deficit, better subsidy targeting and focus on infrastructure and manufacturing are addressed right away in the Budget,” Assocham Secretary General D S Rawat said.