What to expect from the Budget going forward? Sanjiv Puri answers

“Now, going forward, we do expect that the reform momentum will continue because the model that has been followed earlier of investment for inclusive growth to create a virtuous cycle and the process of reform, unlocking the productive capacity of the economy has worked well and it should energise greater impetus on reform going forward,” says Sanjiv Puri, President, CII.

You were so buoyant about the economy, optimism. What is the reason for that?
Let us just step back and look at why and how Indian GDP grew at 8.2% last year. And this has grown at a time when the world has been under a relative amount of stress. So, we have managed to grow at 8.2 because of a lot of interventions that have happened in the past. A slew of policy instruments have been put in place that have improved the health of the economy and a lot of purposeful interventions to drive certain facets of the economy, that has created the momentum.

So, we are on a solid foundation because of certain initiatives that have taken place. It is not that it just happened like that. So, there is a reason for which and it sets the economy on a solid foundation.

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