We want FDI, but coalition compulsions exist: Pranab

May 16, 2012 15:14

Addressing the Parliament, Mukherjee said that the government will take austerity measures to ensure fiscal consolidation. "But I am not pressing the panic button," he said. He emphasised the need to take serious steps to cap the subsidy bill at 2% of the GDP. The government cannot pass the entire burden of high oil prices to consumers, he said and added, "We want FDI, but decisions are time consuming because of coalition compulsions."

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