Modi government's 5-year plan: 2 years to repair, 3 for growth

Discussion in 'Economy & Infrastructure' started by parijataka, Jun 5, 2014.

  1. parijataka

    parijataka Senior Member Senior Member

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    Narendra Modi government's 5-year plan: 2 years to repair, 3 for growth

    NEW DELHI: The Narendra Modi government will take a series of steps to rebuild investor confidence while keeping fiscal consolidation firmly in sight as part of its plan to mend the economy in the next two years and then make an aggressive push for growth in the remaining three years of its term.

    Insiders say the government will shun populism and quick fixes and instead focus on a concrete plan to fix the struggling economy it has inherited with two consecutive years of growth below 5% and no fiscal or monetary lever to stimulate economic expansion.

    The broad programme will be outlined in the upcoming Presidential address to the joint session of Parliament and followed by detailed steps in the budget that's expected in the first week of July.

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