The industry was worried about the decline in India's economic growth rate, but the way inflation has shown its attitude has doubled its concern. Some big industrialists of the country have started asking the Finance Minister to present a 'Blockbuster Budget' so that the economy can be brought back on track. On the other hand, many agencies have even stated in their report that Finance Minister Nirmala Sitharaman should now worry more than the fiscal balance, the growth rate. If the fiscal deficit remains around 3.5 per cent during the next financial year, it will not be a matter of concern. However, given the latest data related to the economy, some agencies are saying that the government may not have much to do this time.
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Anand Mahindra, Chairman of the Mahindra Group, said that with the growth rate being limited to 5 per cent during the current financial year, "With this growth rate, we can again lag behind China." There is a need to bring out our competitive capability again. Finance Minister, start surprising the world again with your blockbuster budget. Add some dramatic steps to it. ”In the report submitted to the government on the budget by the CII, the country's leading industry chamber, the fiscal deficit is also set to be a medium-term target of inflation and flexible (so that the need Have been asked to make changes according to their needs.
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In addition, by making the fiscal deficit flexible, more money can be arranged for development. The same, if it can be made a strategy to control the fiscal deficit within a set time frame in 2-3 years. Needless to say, accepting the CII's suggestion could be a big step for the government. On the other hand, HDFC Bank has released its report on the upcoming budget on Tuesday. Apart from this, the bank believes that the situation is not like this That the government can take some big steps. In the current and old budgetary proposals, the budget will be presented here and there. It states that the Finance Minister is neither in a position to make any significant increase in government expenditure nor in view of the state of revenue, the rates of taxes. Can make any major changes in.
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