FDI in infra to boost economic growth: Sanjeev Ranjan, ICAI

摘要

The biggest challenge the finance minister will face in his budget preparation will be on how to balance Growth vs Inflation and at the same time help in creating new jobs especially in the manufacturing sector. "Currently, manufacturing contributes just 16 percent to India's GDP which needs to be at least 25%. In the face of rising oil prices, poor monsoon and CPI already nearing double digits, the challenges become even more testing.