Fiscal deficit & inflation is directionally endeavoured: KPMG

India Infoline News Service | Mumbai |

If proper balance between growth drivers, fiscal deficit and inflation is directionally endeavoured, higher growth is a possibility, KPMG says

Girish Vanvari, Co-Head of Tax, KPMG in India, said, ‘Though by a fraction, the lower fiscal deficit of 4.5% is encouraging as this would give room to the new government to take bolder steps in Budget 2014-15 to step up growth whilst managing fiscal deficit. This would help channelizing the much needed expenditure outlays for infrastructure development.  One could also look at fiscal incentives to bolster the manufacturing sector. If proper balance between growth drivers, fiscal deficit and inflation is directionally endeavoured, higher growth is a possibility.’’


 

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