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Indian businessmen want VAT and disinvestment
New Delhi, Aug 03: India`s top business executives have said that implementation of Vat and attaining disinvestment targets are the two most important things to be done this year to ensure a healthy economic growth this fiscal and beyond.
New Delhi, Aug 03: India's top business executives have said that implementation of Vat and attaining disinvestment targets are the two most important things to be done this year to ensure a healthy economic growth this fiscal and beyond.
Stressing on the need to continue with the reforms process, CEOs of top business houses said it was important to maintain the current upswing in the performance of the economy.
According to the CII CEO snap poll, 72 per cent of the respondents said GDP growth would be above 6 per cent in the current fiscal and the remaining 28 per cent said it would be around 5-6 per cent.
Forecasts for the next financial year would same as this year's expected six per cent, 63 per cent respondents said while 37 per cent said it would be around 5-6 per cent.
According to the CII CEO snap poll, 72 per cent of the respondents said GDP growth would be above 6 per cent in the current fiscal and the remaining 28 per cent said it would be around 5-6 per cent.
Forecasts for the next financial year would same as this year's expected six per cent, 63 per cent respondents said while 37 per cent said it would be around 5-6 per cent.
Implementation of VAT and disinvestment of identified PSUs were singled out by the CEOs as two top measures required to ensure sustainability of the upbeat economy in the long run.
Other measures cited were pension reforms, restructuring of the FCI, and fixing a ceiling on the issue of guarantees given by central and state governments.
Bureau Report