Statement by Sanjiv Bajaj, President, CII on Economic Survey
Reacting to the Economic Survey 2022-23 tabled in the Parliament today, Mr Sanjiv Bajaj, President, CII stated that the Survey offers a detailed, far-reaching, comprehensive and in-depth analysis of the Indian economy while presenting some interesting facts and figures and the most authoritative and updated sources of data. This would provide a rich repository of information and insights on the economy which would hopefully provide some idea on what the budgetary numbers could look like. The Survey has eluded that the government is on track to achieve the fiscal deficit target for the year despite fiscal pressures, which is commendable. This would not only help maintain credibility and macroeconomic stability but would also create the space for increasing capex significantly, especially in the infrastructure sector, to drive the economic growth engine in the current year and beyond. “CII has been advocating that spending priorities should not come in the way of achieving the fiscal def...