Apropos the News Report Taking Industry Inputs to Stoke Growth: FM ' ( Aug 6 ) of the Economic Times, the Financial Ministry elucidated that various inputs from leaders in "core" industries such as Auto, MSME's and Real Estate would be taken into consideration when drafting policies to counter economic slowdown. Integrating fiscal policy and industrial opinion is yet another addition to Sitharaman's blueprint. However. These industries have posed numbers which prove to be catastrophic for FPI's looking to expand trade with the Indian sectors. Regaining the trust of significant FPI's would be elemental for FM's new " leaned towards the private sector " outlook.
However, the FM must keep in mind the deteriorating domestic investments in these fields considering the current market behaviour. With the Rupee taking the biggest hit in the last 6 years against the dollar, outside nations can take advantage by stabilising their monetary values by taking interest in Indian business whilst the Indian currency exchange rates ( CER ) are thrown into an abyss.
With the economic environment stagnating, the FM has to take certain measures which have to be balanced, not leaning towards the private or towards the public. Some level of homogeneity would stabilise the depleting exchange rates. While Foreign Direct Investments should not be discouraged, they should be carefully regulated.
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