India Inc's thumbs-up to Eco Survey

Terming the 2005-06 Economic Survey as "forthright and pragmatic,"  India Inc today said the suggestions for bold reform measures in infrastructure, labour and taxation could give a shot in the arm to the economy, which is already cruising along.

Lauding the economic indicators, CII President Y C Deveshwar expressed confidence that if reforms are continued "the economy is well on the path of recording a sustainable 9% growth in the future."

Describing the report card of the government as "bold, forthright and pragmatic," Federation of Indian Chambers of Commerce and Industry (FICCI) said:  "The suggestion to debottleneck the infrastructure sector and hasten the pace of tax reforms are correctly envisaged to give the Indian economy and industry a shot in the arm."

Assocham sought bold policy measures with a special focus on infrastructure, labour, agriculture and oil sector reforms, measures to relax corporate taxes and control inflation.