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New government must focus on fiscal deficit for growth: Montek Singh

"The first year of the new government will be its honeymoon period. And after a year, they will have to take the policy decisions, quoted Montek Singh.

May 12, 2014 8:46 IST | India Infoline News Service

Planning Commission Deputy Chairman Montek Singh Ahluwalia reportedly said that Rapid implementation of GST and reduction in fiscal deficit should be the thrust areas for the new government that will help the country achieve 7-7.5% growth.

"The first year of the new government will be its honeymoon period. And after a year, they will have to take the policy decisions, quoted Montek Singh.

Ahluwalia said the growth of the economy will also depend on the growth of the industry as a whole.

Though investments have reduced from 35% to 32%,even in that scenario the country will be able to achieve its targets.

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