These days, as you might ave read, comments/views of Economists on 7CPC recommendations have come through the media. Here I have a couple of them (Ref : BusinessLine)
Thomas Bookmaaker, Director of Fitch ratings Asia Pacific , in an interview, expressed his views on Indian Economy, our Finances, and also on the implications of 7CPC implementation. He suggests how the Govt should plan the spending to meet the higher wage bills. He says, "one of the options for the Govt to meet the hiked wages is to extend the FRBM ( Fiscal Responsibility and Budget Management ) target by a year."
Tushar Poddar, of Goldman Sachs, in an interview says that GST is key to pick-up in Indian economy. He also says : " If the Govt wants to implement the 7CPC rcommendations, then the path of fiscal consolidation that it has outlined in the FY16-17 budget is not going to be easy."
Thomas Bookmaaker, Director of Fitch ratings Asia Pacific , in an interview, expressed his views on Indian Economy, our Finances, and also on the implications of 7CPC implementation. He suggests how the Govt should plan the spending to meet the higher wage bills. He says, "one of the options for the Govt to meet the hiked wages is to extend the FRBM ( Fiscal Responsibility and Budget Management ) target by a year."
Tushar Poddar, of Goldman Sachs, in an interview says that GST is key to pick-up in Indian economy. He also says : " If the Govt wants to implement the 7CPC rcommendations, then the path of fiscal consolidation that it has outlined in the FY16-17 budget is not going to be easy."
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