00:00So, you know a few of the interesting things which have been communicated in the economic survey like, you know
00:06Deregulation and ease of doing business, you know, which is very important from the industry's perspective
00:12And FICCI as FICCI, we have always been
00:17Communicating with the government on you know, how do we simplify regulations doing away with the old regulations?
00:23So that the cost of doing business in the country can be reduced apart from that, you know, the GDP growth rate
00:29Projections is slightly lower than what FICCI had
00:33Projected or what were our expectations?
00:35But tomorrow, you know the we believe, you know, the budget will provide impetus for both the consumption and the investment demand
00:44Apart from that, you know one of the surveys analysis and recommendation
00:48to deduce import dependence on critical items
00:51is also to deduce on the sole supplier and
00:55Build domestic ecosystem around the wind solar EVs, you know for achieving our
01:04Long-term growth objectives. So yes, you know, in fact that has been also one of the FICCI's recommendation
01:09and
01:10overall, you know from the perspective of
01:13How do we improve the competitiveness of our manufacturing sector and there, you know
01:18for that what FICCI has recommended to the government is
01:21how do we
01:22Suggest the scaling up of the R&D and the innovation for the manufacturing sector. So from the expectations of union budget, I think
01:30There are two three very critical areas, you know, where you would like the government to focus
01:35as what they have been doing in the past
01:38is the focus on the
01:40CAPEX. So our recommendation is to continue with that and we have recommended to increase the CAPEX by
01:4715 percent. So that's there because it has a multiplier effect on the economy apart from that
01:52how do we increase the consumption because we are seeing some kind of a slowdown there and some boost from the government will
02:01Help in you know, giving more money in the hand of the consumers
02:05The people which will certainly help
02:08in overall boosting the consumption and overall
02:11Improving the demand scenario and maybe even help in the private investment as well
02:17Apart from that, you know, what are the steps that the government can take in the area of ease of doing business, you know some rationalization
02:25In TDS is what we have recommended and also in sustainability whether they can enhance the spend
02:32In the area of green energy. Don't miss out log on to oneindia.com for more updates
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