Growth Revival Should Be The Primary Objective Of Budget 2014-15: PHD Chamber

PHD Chamber of Commerce and Industry has proposed to the Finance Minister that the forthcoming budget should aim at reviving growth, contain inflation, generate demand for industrial products and accelerate manufacturing to drive consumption as well as create additional employment.

Its other priorities should have focus on stepping up public and private investments to create additional momentum for laying the required infrastructure facilities needed for further expansion of industry and the mandate of Project Monitoring Group (PMG) be widened and the process of disinvestment recommence with additional vigour.

In the pre-budget interaction with the Finance Minister, representing the PHD Chamber here today, its President Mr. Sharad Jaipuria emphasised that all possible measures suggested by the industry and various other stakeholders be initiated to contain fiscal deficit as much as possible and accelerate year on year agriculture growth at 4%.

It should also be the attempt of the Finance Minister to rationalize subsidies as well as government expenditure so that its wasteful expenses are curtailed and the money saved out of such an exercise is allocated to the cause of public good, pointed out Mr. Jaipuria.

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