Fiscal deficit target will give a boost to the overall economy : V.P. Mahendru, chairman, Eon Electric @followcii @ficci_india
Mr. V.P. Mahendru, chairman, Eon Electric
It is pleasing to see the Government sticking to its fiscal deficit target as it will give a boost to the overall economy. Changes in customs and excise duty rates for capital goods sector is an encouraging sign for industrial growth as it will help reduce costs and improve competitiveness of domestic industry. The proposal to provide 100% village electrification by May 1, 2018, is indeed very welcome as it in line with the Nation’s overall vision to provide 24X7 electricity. This will also create headroom for energy efficiency such as use of LED will be vital in achieving the Nation’s vision.