India Inc on Monday welcomed the government's vision to unleash reforms in the infrastructure and taxation sectors outlined in Economic Survey 2005-06.
Describing the report card of the government as "bold, forthright and pragmatic," Federation of Indian Chambers of Commerce and Industry said: "The suggestion to bottleneck the infrastructure sector and hasten the pace of tax reforms correctly envisaged to give the Indian economy and industry a shot in the arm."
Assocham
While concurring with estimates of the Economic Survey 2005-06 that the GDP growth will exceed 8 per cent in current fiscal, the industry chamber said the government should lay stress to contain inflationary trends so that inflation rate was limited to 5 per cent as projected and interest rates are contained within the manageable limit of 8 per cent.