Home / Knowledge / News / Budget must ensure non-inflationary growth - Survey
Budget must ensure non-inflationary growth - Survey
Feb '08
The Economic Survey has clearly spelt out an action agenda for reforms in the current global and domestic economic environment.

FICCI hopes that the Union Budget to be presented by the Finance Minister tomorrow contains sufficient triggers to enable the government to implement the new initiatives in right earnest, observed FICCI.

The Survey's emphasis on deregulating sugar, fertilizer and drugs sectors should also be an integral part of the reform agenda, said FICCI.

The Survey sets out the overall direction of government policy for ensuring a non-inflationary growth along with speeding up and sustaining growth at 9%.

FICCI agrees that maintaining the growth rate at 9% will be a major challenge and pushing it to double-digit levels would be an even greater task in the context of the slowdown of the global economy and the threat of rising inflation within the country.

FICCI also agrees with the Survey's emphasis on reforms such as opening up the retail sector to FDI, hiking the FDI ceiling to 49% in insurance and selling up to 10% equity on Navratna PSUs.

FICCI, however, does not agree with the survey's suggestion that schemes should be streamlined to check SEZs proliferation.

The chamber underlines the need for resumption of disinvestment of PSUs and wholeheartedly welcomes the new proposal for all allowing 100% FDI in new private rural agricultural banks which can cater to the credit needs of Indian agriculture.

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search