Industry chamber FICCI cautioned the Government that it would be dangerous for economic growth and employment generation if the fiscal stimulus measures announced at the height of the global financial meltdown were to be rolled back.

Most economists expect the Government to announce a gradual phasing out of the fiscal stimulus measures in the upcoming Union Budget, which is slated to be released on Feb. 26.

FICCI Secretary General Amit Mitra said that it was a difficult choice between promoting growth and containing fiscal deficit, which was pegged at over 6.8% of GDP for the current fiscal year.

But Mitra added that he expects Finance Minister Pranab Mukherjee to announce a Budget that will boost economic growth going forward.