India's growth needs next-gen reforms, not new stimulus, says CII chief
New Delhi, June 23 -- India does not need another round of fiscal stimulus to shield growth from global uncertainties and geopolitical disruptions. Instead, the country needs fresh structural reforms to accelerate its journey to a $10 trillion economy, said R. Mukundan, newly elected president of industry chamber Confederation of Indian Industry (CII).
"The biggest stimulus would be reforms," Mukundan told Mint in his first set of media interactions after taking over as CII president. "These reforms are an evergreen stimulus. They make the economy fitter and more resilient rather than providing temporary relief."
He said the current global disruptions, including supply-chain shocks, trade tensions and the West Asia crisis, should be vie...
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