The Confederation of Indian Industry (CII) on Tuesday said that Narendra Modi government should be flexible with the fiscal deficit target after the countdown to Budget 2020 begun.
In an interview to CNBC-TV18’s Parikshit Luthra, Vikram Kirloskar, CII President, said, “Everyone understands that we have a challenging task of the economy ahead. We have a challenge ahead and we have to get over it. My belief is that if we keep arguing about what is right and what is wrong, we will never get anywhere. I think we have to work very cooperatively with the government, make suggestions which make sense and work together to go in a direction that will take us into faster economic growth.”
“We are not saying print money, we are just saying perhaps borrow from the system. We have said that front end programmes like the Rs 4,000 to farmers etc. must be expanded. The government must give these amount earlier than later if it is possible again through some fiscal expansion,” he added.