NEW DELHI: Industry captains on Monday asked finance minister Nirmala Sitharaman to retain her focus on public spending on infrastructure, which will also include private investment, provide sops for sectors that create additional jobs, continue the concessional tax regime for the manufacturing sector and help channelise funds into the green economy.
The recommendations came amid an assessment that the developments in the global economic situation may have an impact on India. “While overall, the Indian economy has done well, it is not immune to the global context. Global uncertainties and the global growth slowdown have already started to impact our exports, after a stellar performance last fiscal,” CII president Sanjiv Bajaj said while proposing a Rs 10-lakh-crore target for capital expenditure for the next fiscal year.
