Business Standard

Budget should sustain growth momentum

The government's capital expenditure has boosted growth and provided resilience to the Indian economy. Incipient signs of this crowding in private investments are visible

Budget
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Chandrajit Banerjee

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Global economic slowdown, volatility and uncertainties have marked the last four years. Amid this turbulence, India has emerged as a bright spot. Today, it is the fastest-growing major economy globally, and it needs to sustain this growth momentum to reach its goal of becoming a developed economy by 2047. Against this backdrop, CII has presented its proposals to the Ministry of Finance on the forthcoming Vote on Account, which will be followed by the Union Budget after the general elections.

The government’s capital expenditure has boosted growth and provided resilience to the Indian economy. Incipient signs of this crowding in
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