The Government should overlook political expediencies, instead prioritise its spending to meet the needs of a struggling economy, engineering major Larsen & Toubro said on Wednesday.
The Government is delaying payments, leading to pressure on working capital, the management of the engineering major said, adding it cannot "afford" such a situation.
"The Government has to prioritise allocation of funds to projects and contractors and also its vendors. It is very important that the Government spend is not confined to political ends, but diverted towards economic ends," chief financial officer R Shankar Raman told reporters while announcing the second quarter numbers.He was replying to a specific question on what can be done to revive the tottering growth.