Reforms are the way to go: Survey.

(From Business Line)

New Delhi, Feb. 25. THE pre-Budget Economic Survey calls for enhancing the recent buoyancy in investment and exports to leverage higher growth in the economy with success in this regard depending on "how vigorously reforms are pursued to improve the investment climate and augment infrastructure".

In a clear-cut indication of what the 2005-06 Union Budget holds in store, the Survey, tabled in Parliament on Friday by the Finance Minister, Mr P. Chidambaram, unequivocally states that "sustaining the reform process in tax and expenditure regimes is a sine quo non for achieving the targets" set under legislative remit.

"The tax base needs to …