The Planning Commission Deputy Chairman Montek Singh Ahluwalia on April 7 said that there is need for more stimulus package for the country to revive the sagging economy. If this year''s fiscal deficit comes out to be 6.8 per cent including off-budget items, what do you think the next year''s fiscal deficit will be...same or lower?
Now, I would not recommend it to be lower. Nobody is talking about throwing fiscal caution to the winds," he said. He also said that there is need to have fiscal stimulus to generate demand as the export growth would be bad in 2009-10. Regarding inflation he said it is going to be under control, Inflation is not going to break through the roof, he said.
Now, I would not recommend it to be lower. Nobody is talking about throwing fiscal caution to the winds," he said. He also said that there is need to have fiscal stimulus to generate demand as the export growth would be bad in 2009-10. Regarding inflation he said it is going to be under control, Inflation is not going to break through the roof, he said.
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