On the fiscal front, experts feel that a burden of Rs 73,000 crore in FY17 may not pose a major problem for the Centre.
- Market experts say, while on one hand it will provide a big stimulus to the economy in coming years.
- On the other hand, it would be inflationary in nature, thus calls for delicate balancing between growth and inflation.
- On the fiscal front, experts feel that a burden of Rs 73,000 crore in FY17 may not pose a major problem for the Centre.
- Analysts feel that it will lead to rise in consumption and will thus provide boost to the economy.
- Crisil pointed out, consumption get boost as states too have implemented wage hikes by a delay of one year and that by perking up household consumption demand.
CPC revisions will facilitate faster improvement in capacity utilisation in the fiscal 2017.