PANAJI
The Chamber of Commerce and Industry (GCCI) will relay a live telecast of India’s Union Budget at the Surendrababu Timblo convention hall in Panaji on February 1 at 11 am and has invited heads of various trade and industry associations, industrialists, businessmen, entrepreneurs and media to view the live telecast and express their immediate reactions on the Budget.
“The Budget for 2022-23 will attract a lot of attention from different stakeholders in the economy, particularly as it comes at a time when India is in the grip of a third covid wave. On one hand, India’s growth momentum will need continued support from fiscal levers, but at the same time, there would be expectations for the government to aim for modest fiscal consolidation, so as to be able to bring down its fiscal deficit to 4.5 % of gross domestic product (GDP) by 2025-26, as per the proposed glide path,” states GCCI press release. The release further adds, “A delicate balance will need to be maintained for multiple objectives to be achieved. But one should not expect the budget to be a panacea for all economic problems, as many policy decisions may be announced outside the budget, like in the past.”
GCCI has also organised a Budget analysis on February 2 at 4 pm Binder Dijker Otte (BDO) India LLP, a leading public accounting and business advisory firm, will be presented. This will be on a virtual platform through a zoom link, said GCCI.
