Budget must focus on lowering fiscal deficit: EY India's Rajiv Memani

In an interview with Ruchika Chitravanshi, Rajiv Memani, Chairman and Managing Partner of EY India, said that there is a strong enabling environment for private sector investment

The upcoming Budget should keep the fiscal deficit under control, maintain stability in tax rates and the finance minister must address softer issues such as ease of doing business, Rajiv Memani, chairman and managing partner of EY India, said.

In an interview with Ruchika Chitravanshi, Memani said that there is a strong enabling environment for private sector investment. He also said that if India takes advantage of the China Plus One strategy, it could be the golden moment for its manufacturing sector. Excerpts: 

How do you see the impending recession in the developed world impacting the Indian economy? And, what