The budget should also continue with the Centre’s policy focus on strengthening the manufacturing sector while promoting research and development (R&D) and incentivising new technologies, said the Federation of Indian Chambers of Commerce and Industry (FICCI)-Dhruva pre-budget survey released on Wednesday.
“The budget must prioritise growth-oriented measures over fiscal considerations. It must focus on employment generation and on putting more money in the hands of consumers – the twin engines that will boost demand and drive growth,” said Uday Shankar, president of FICCI.
About 80% of survey participants felt the key policy thrust of the government should be on the manufacturing sector while 61% pushed for improvements in the ease of doing business to strengthen the sector.
“Improving the ease of doing…