Infra spend has to grow, fiscal deficit can be raised: CII prez Kirloskar

When it comes to putting equity in business versus putting debt, equity should be more important, he said

Arguing that greater liquidity is the key to battling the ongoing economic downturn, Confederation of Indian Industry President VIKRAM KIRLOSKAR tells Subhayan Chakraborty that taxes on equity should be slashed. Edited excerpts

Industries have been batting for a fiscal stimulus. Do you agree?

We have told the government that fiscal deficit may be raised a little, so that more can be spent on infrastructure. I would prefer that the Budget deficit is under control, but now we need to expand expenditure, to get the demand going up. We should get back to the trajectory after one year or so.

Is there a realistic