A fine balancing act: Chandrajit Banerjee

Chandrajit Banerjee, Director General, CII
 
The Finance Minister’s fine balancing act is visible in the budget proposals. On the one hand, he has clearly set the roadmap for fiscal consolidation by setting targets for fiscal deficit reduction over the next three years, raising resources for capital expenditure by setting disinvestment targets and partially rolling back the excise duty stimulus, and on the other hand, he has set the stage to address productivity issues in agriculture, putting more disposable income in the hand of the aam aadmi and ensuring a positive growth environment.