New Delhi: The current global economic situation has increased pressure on governments to take action to stabilize the economy and prevent a slowdown. This often involves the implementation of fiscal and monetary policies aimed at promoting growth and mitigating adverse effects on businesses and consumers. Rumki Majumudar The head of Deloitte shares his thoughts on Budget with ET Now.
Governments need to focus on containing inflation and its impact on a slowing economy. Infrastructure spending must continue to grapple with logistical issues to address supply-side bottlenecks that are driving prices up.
Clearly, governments must strive to raise funds by monetizing assets, issuing bonds, or promoting private partnerships. Larger projects should be supported through incentives. Governments must rely on the National Pension System and other long-term funds to fill the fiscal gap.
In addition, policies are expected to target specific sectors identified as in need of support. Sectors that could be hit if the economy slows will also be considered for additional government support.
It may announce schemes aimed at boosting economic growth and making various industries more competitive. The PLI scheme could be expanded to cover more sectors, making it easier for companies to participate and benefit from government incentives. There may be announcements regarding PLI scheme expansion and coverage, customs fee reductions, tax relief, and available credits.negotiated well free trade Agreements are also on the high priority list.
Source: ET Now
Governments need to focus on containing inflation and its impact on a slowing economy. Infrastructure spending must continue to grapple with logistical issues to address supply-side bottlenecks that are driving prices up.
Clearly, governments must strive to raise funds by monetizing assets, issuing bonds, or promoting private partnerships. Larger projects should be supported through incentives. Governments must rely on the National Pension System and other long-term funds to fill the fiscal gap.
In addition, policies are expected to target specific sectors identified as in need of support. Sectors that could be hit if the economy slows will also be considered for additional government support.
It may announce schemes aimed at boosting economic growth and making various industries more competitive. The PLI scheme could be expanded to cover more sectors, making it easier for companies to participate and benefit from government incentives. There may be announcements regarding PLI scheme expansion and coverage, customs fee reductions, tax relief, and available credits.negotiated well free trade Agreements are also on the high priority list.
Source: ET Now
