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 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

March 2017

March 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