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Arvind Panagariya, Chairman of the 16th Finance Commission, expressed optimism about India's economic growth. He highlighted the significant progress made in the last 20 years, despite economic shocks, and projected India to become a major global player within the next decade. He emphasized the importance of addressing land and labor issues and advocated for equity investments over gold.
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A: Back in the day, fuel systems, gaskets and such were made using materials that didnt tolerate alcohol very well. That day is long gone.
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Vinayak Chatterjee advocates for increased infrastructure spending to boost India's GDP. He suggests a 30% increase in the infrastructure budget, reverting to pre-FY25 levels, and highlights the higher GDP multiplier effect of infrastructure investment compared to direct benefit transfers. He also calls for public-private partnerships in social infrastructure and a reduction in the GST on cement.
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