New Delhi: Submitting a 100-day agenda for the government, industry chamber Ficci Friday urged Prime Minister Manmohan Singh to expedite reforms process both in agriculture and financial sectors.
Ficci President Rajeev Chandrasekhar who met Singh today ahead of RBI’s review of its monetary policy on Tuesday said, “RBI’s tightening monetary policy is not a permanent solution to tame inflation. If you (RBI) continue with this policy for two more quarters, we (industry) may fall into the realm of stagflation.”
The 100-day agenda prescribes measures like stimulating investment in financial, agriculture, telecom and other sectors, including infrastructure, so that India could witness economic growth rate in double digits.
The industry body said the much-awaited reforms in insurance, pension and banking would also lead to the development of India’s capital markets.