FICCI sets agenda for strong national economic governance
29 May 2009, 2216 Hrs

Add comment          Mail          Print          Write to Editor

New Delhi, May 29 Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday set itself an action agenda to address the challenges of restoring economic growth to 9 percent mark.

Unveiling FICCI's '100-Day Action Agenda' in the capital, FICCI's President Harsh Pati Singhania said the restoration of economic growth to 9 percent would entail serious action on the part of the government in critical sectors like agriculture and infrastructure.

"If you look at overall areas, we have touched upon six or seven critical sectors. We have talked about agriculture, we have talked about infrastructure, we have talked about manufacturing, disinvestments or divestment is a very important part. The financial sector in terms of bringing down interest rates that still remains a very important part of this growth agenda," Harsh Pati Singhania, President, FICCI.

Singhania further underlined the need for expeditious action to pass the pending economic Bills in parliament.

"We have talked about opening FDI in certain areas, some of the stalled bills in banking, pension, insurance some of these areas. Now this will allow more FDI to come in and if the markets in addition to that see these kinds of changes, then more FIIs will come in," added Harsh Pati Singhania, President, FICCI.

The revised estimates for the fiscal year 2008-2009 have put the GDP growth at 6.7 percent and the government will have to strive hard to enhance this figure.

According to FICCI, a major reason for the slippage in growth has been the sharp slide in the agricultural as well as the manufacturing sectors.

Growth rate of agricultural sector dipped to 1.6 percent as compared to 4.9 percent in the previous fiscal year.(ANI)

Related Latest

PM to inaugurate India Economic Summit today Race row erupts over British National Party-backed film Chinese women sets car on fire to warm engine! Manmohan Singh to open India Economic Summit on Sunday Ex-England pacer Mahmood vows to make a national team comeback Pregnant women mount strong immune response to single H1N1 flu vaccine dose Pranab Mukherjee to inaugurate Economic Editors' conference today Pranab Mukherjee to inaugurate Economic Editors' conference Chidambaram issues strong warning to Pakistan Ultrasound conducted on a tigress in 'Van Vihar National Park' to save her life

Related Latest

Strictly Come Dancing star Laila Rouass' cancer scare Britney 'holed up' in Oz hotel after lip-synching gig shame Seafloor fossils to reconstruct Earth's climates up to 250 million years ago Texas Tech University to hold major textile conference in India "Extraordinary" skeleton of woman from early Bronze Age found in Germany Nitrogen loss threatens desert plant life Drama reveals Queen's spats with Margaret Thatcher Fresh summons for Madhu Koda, remand for Sinha GJM activists force closure of liquor shops in Darjeeling Tibetans slam China for making Dalai Lama's Arunachal visit controversial

• Facebook's 'Sperminator' gets girls pregnant in few clicks!
• Cheating hubby pays $100k to ex lover under new Oz 'mistress laws'!
• Jordan's cross dressing beau likes to pose as Superman, ninja warrior
• MJ's 'suffering' doc Murray comes out of hiding
• Congress activists protest against MP CM's anti-Bihar remark

• बीकानेर महापौर चुनावः एक विश्लेषण
• Deepawali: The Festival Of Lights
• Nine tips for nine nights
• need new prevention tech for HIV, other STIs and UP
• "Good health is India's basic need": Easier said than done Mr Prime Minister!