Inflation, growth need to be balanced
Updated: Jul 03, 2014 12:34:00pm
New Delhi, Jul 3 (KNN) Concerning the upcoming Budget, maintaining right balance between inflation and growth would be the major challenge for the Finance Minister and for the economy as a whole. There is need to give equal priority to growth to augment supply and contain inflation, said the Federation of Indian Export Organisation (FIEO) President, M Rafeeque Ahmed.
Some of the challenges are finding ways and means for reducing the cost of credit which has moved by over 60 per cent in last 3 years, he said in an official release.
Ahmed said stimulating manufacturing which showed 1 per cent growth in 2012-13 and contracted in 2013-14 would be the another major issue before the Finance Minister.
Propelling exports will be much needed both for managing trade deficit, current account deficit as well as generating employment in the country.
The economy should be made buoyant to attract overseas investment in infrastructure projects so as to provide medium and long term support to the economy, added Ahmed. (KNN/ST)
Some of the challenges are finding ways and means for reducing the cost of credit which has moved by over 60 per cent in last 3 years, he said in an official release.
Ahmed said stimulating manufacturing which showed 1 per cent growth in 2012-13 and contracted in 2013-14 would be the another major issue before the Finance Minister.
Propelling exports will be much needed both for managing trade deficit, current account deficit as well as generating employment in the country.
The economy should be made buoyant to attract overseas investment in infrastructure projects so as to provide medium and long term support to the economy, added Ahmed. (KNN/ST)
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