Recently elected president of industry body Ficci (Federation of Indian Chambers of Commerce and Industry), RASHESH SHAH, chairman of financial services major Edelweiss, tells Subhayan Chakraborty that increasing the fiscal deficit to 3.5 per cent of gross domestic product (GDP) may not be a bad thing if capital expenditure gets a major boost. Also, the norms for non-bank financial companies (NBFCs) should be brought on a par with those of banks since they now form an important channel for smaller firms to get credit, he argues.
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First Published: Fri, January 05 2018. 01:05 IST
