Industry leaders and heads of chambers of commerce have welcomed the Tamil Nadu budget, but they have given further suggestions.
Commending the government for projecting a fiscal deficit of 3.63% of the Gross State Domestic Product (GSDP), the Southern India Chamber of Commerce and Industry (SICCI) has said the restructuring of the government debt should be a possible starting point for the strategy to drive growth.
SICCI president Ar Rm Arun said, “The restructuring would help in lowering the interest burden and provide more fiscal space to the government. The government needs to explore all avenues to increase revenue through taxes, government services or even through sale of assets.”
