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At least Rs 1.5-2 trn capital infusion is needed: Ficci chief Sangita Reddy

If there's a time-bound plan to raise Rs 3-5 trillion through disinvestment, which is more than adequate to cover the spending, it won't affect the ratings, says Sangita Reddy

Subhayan Chakraborty  |  New Delhi 

Weeks before the Union Budget is unveiled, Sangita Reddy, president of the Federation of Indian Chambers of Commerce and Industry (Ficci), tells Subhayan Chakraborty that increased spending by the government is the need of the hour, even if the fiscal deficit target slips for the moment. Edited excerpts: What measures have Ficci suggested to the government to get the economy out of the consumption slump? Our foreign exchange reserves are among the highest and our fiscal deficit is under control.

The large numbers show there is room for some bold steps. The first of those should be ...

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First Published: Tue, January 14 2020. 22:40 IST
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