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CII urges centre to maintain 4.9% Fiscal deficit in 2025 budget
The Business Guardian
|December 09, 2024
The Confederation of Indian Industry (CII) has suggested the Centre to stick with the fiscal deficit target of 4.9 per cent of GDP for FY25 and a target of 4.5 per cent for FY26 in the upcoming Union Budget.
Chandrajit Banerjee, Director General, CII, elaborating on the suggestions for the forthcoming Union Budget also pointed out that overly aggressive targets beyond the ones mentioned could adversely affect growth.
"India has been growing rapidly amidst a slowing global economy. Prudent fiscal management for macroeconomic stability has been pivotal to this growth," said Banerjee.
This story is from the December 09, 2024 edition of The Business Guardian.
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