Home / Knowledge / News / FM provides the Right Balance to industry, says CII
FM provides the Right Balance to industry, says CII
Feb '08
The Finance Minister has presented a comprehensive, balanced and growth-oriented budget, said Mr Sunil Mittal, President, CII in a Press Release issued.

The Finance Minister has managed to address the triple challenge of growth inclusiveness and sustainability very astutely, said the CII President. The budget proposals would go along way in building people and building India, he added.

The beneficiaries of the budget vary from farmers to industry to the average salary earner. And all this without making the budget fiscally irresponsible, said the CII release.

However, CII hoped that the expected proposals of the Sixth Pay Commission have been kept in mind while balancing the budget, since any provision for that did not seem apparent from the Finance Minister's speech.

The cornerstone of the budget has to be the obvious fillip that it would provide to consumption in the country and thereby pump up a demand led growth cycle.

This would supplement the neutral stance that the RBI has just indicated in the last Monetary Policy Review, said the CII release.

This is very important if the economy has to maintain its current growth trajectory and move to a double digit one, said the CII President.

While largely, industry has every reason to be happy owing to the various favourable measures announced by the Finance Minister, CII is particularly happy that the necessary attention has been given to the social sector including Health and Education.

The fact that this has been supplemented by a lot of focus on the rural economy would indirectly fuel a growth cycle, said CII.

And eventually, this is one budget, which has focussed a lot on the development of people of this country, which can make the difference between reaping a demographic dividend against the risk of facing a liability.

Click here to view more:

Confederation of Indian Industry

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search