Click to play videoNew Delhi: The Congress-led United Progressive Alliance Government under Prime Minister Manmohan Singh has taken charge and trade bodies like Confederation of Indian Industries (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI) are ready with their suggestions on what the government should be focusing on in next 100 days.
Both CII and FICCI want the government to infuse money into the economy and also want the Reserve Bank of India to reduce interest rates by at least half a per cent.
"We would like to see the fiscal deficit coming down in next budget particularly revenue deficit so that money is available for capital infrastructure. We would also like to see monetisation happening," says CII President Venu Srinivasan.
Infrastructure growth has almost come to a halt in the last five years and the trade bodies want infrastructure spending to be increased from four per cent to 11 per cent of gross domestic product.
The industry wants world class roads, ports, airports, power stations around the country and special incentives for low cost housing is also being made.
''The 100 days are significant because it is an important signal not only to what happens to our Indian economy but to see how the world sees us... that we mean action and thus attract capital," says FICCI President Harsh Pati Singhania.
India will need 50 crore skilled workforce by 2022.
For this they want more private sector participation and even foreign universities are welcome. They also want the right to education bill implemented.
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