Government's Agenda Is Insightful, Praiseworthy: India Inc

The agenda of the new government chalked out by President Pranab Mukherjee in Parliament today is insightful and praiseworthy, India Inc said.

"The President today has laid out an insightful and aspirational vision for the country, bolstered by comprehensive and multi-dimensional measures aimed at reining in inflation, boosting agricultural productivity and kick-starting the investment cycle," CII President Ajay Shriram said.

Introduction of GST, ease of doing business and single-window clearance of projects through hub-and-spoke system of central and state government coordination are indeed very welcome announcements, he added.

FICCI said the chamber is delighted to note government's commitment towards achievement of high economic growth, with equity and human development.

The government's commitment towards large-scale job creation, through promotion of labour intensive manufacturing, agro-based industries and tourism is noteworthy, it said.

"We hope the government will soon devise a national agenda for job creation across sectors and regions, essential for social development and stability. The government's road map for strengthening social, civic and physical infrastructure is praiseworthy," said FICCI President Sidharth Birla.

The President's speech outlined the Narendra Modi government's priorities that include steps to tackle communal violence, eliminate corruption, rein in inflation and encourage investment including through Foreign Direct Investment.