Industry bodies demand revival package

The industry on Thursday demanded a revival package to put the country's economy back on higher growth path.

‘A comprehensive ‘Economic Revival Package’ has to be announced at the earliest,’ CII director general Chandrajit Banerjee said.

Demanding bold actions from the government, the chamber expressed hope the political leadership, across party lines, would converge and their actions would be ‘swift and decisive’.

FICCI said the current global situation remains fragile and there is an urgent need to take steps on the domestic front to guard against uncertainties.

Seeking ‘immediate corrective actions’, Assocham president Rajkumar Dhoot said: ‘Investment environment should be improved and this may even call for some review of tax proposals and further relaxation of FDI norms’.