Rana Kapoor,
President
ASSOCHAM
Finance Minister P Chidambaram has presented the Interim Budget 2014, which has given a pleasant surprise to the Indian manufacturers.
However, ASSOCHAM feels that there is an urgent need to cap the non-Plan expenditure of the Central government. The non-Plan expenditure of over Rs 12 lakh crore gives an impression of a fat government which needs to reduce its size so that more resources are left for development. According to Rana Kapoor, President at ASSOCHAM, they would like to see a government which is stable and decisive so that India reverts back to 8-9 per cent growth sooner than later. For them, there are no choices than to grow at a rapid pace whichever political combination is voted to power.
