Know what Industry leaders expect from Budget 2019
Data released by controller general of accounts revealed that India's fiscal deficit came in at Rs 3.66 trillion already in the first two months of FY20, which has clocked 52% of full-year budget target.
Yesterday the Ministry of Finance released the Economic Survey for 2018-19, where it pointed out that several challenges face India's on the fiscal front. Data released by controller general of accounts revealed that India's fiscal deficit came in at Rs 3.66 trillion already in the first two months of FY20, which has clocked 52% of full-year budget target.
For FY19, the government had pegged fiscal deficit target of 3.4% of GDP. On the same Tata Steel MD, T. V. Narendran told Zee Business TV, " It is worth to consider Fiscal deficit, as it is important. But we are lucky that inflation is low, so the flexibility is there. Overall when we look at the conditions of the economy, we should certainly do what is important to kick start growth."
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Talking on the priorities Narendran added, "It is also important to see the expenditure side that how it should be prioritised. Secondly, It was said that the government has some of the assets which can be monetised whether it is the land, bank with the government etc. Also to focus on other revenue streams because of which fiscal deficit will come under control."
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