Saturday, July 12, 2014

Views on Economic Survey 2014

http://articles.economictimes.indiatimes.com/2014-07-09/news/51247881_1_economic-survey-urgent-steps-indian-economy

http://indiatoday.intoday.in/story/economic-survey-growth-recovery-union-budget-arun-jaitley/1/370526.html

"Besides correcting some of the subsidy interventions that have distorted the labour market and have contributed to inflation, the government may well consider urgent steps to facilitate investments that would lead to job creation and infrastructure creation at a rapid rate, easing out the fiscal and monetary pressures in the medium term.

Interpreting the survey, which is a general report on the state of the Indian economy, Jaijit Bhattacharya, Partner, Infrastructure and Government Services, KPMG in India has said that it is clear that the economy is going through challenges, which are translating into fiscal and monetary constraints

"Besides correcting some of the subsidy interventions that has distorted the labour market and has contributed to inflation, the government may well consider urgent steps to facilitate investments that would lead to job creation and infrastructure creation at a rapid rate, easing out the fiscal and monetary pressures in the medium term," Bhattacharya said

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