'India likely to outperform its GDP projections'

In two days of the 30th CII Partnership Summit, the Andhra Pradesh government has signed hundreds of MoUs with corporates attracting investments of over ₹11 lakh crore and counting.

- RAJIV MEMANI , PRESIDENT, CII

The signed deals are likely to create 1.3 million jobs in the state across several sectors. In a conversation with FE's Manu Kaushik, president of Confederation of Indian Industry (CII) Rajiv Memani talked about the event's outcome, corporate performance outlook, weak private capex and consumption trends. Excerpts:

There are MoUs worth over ₹11 lakh crore signed in past two days, with some big-ticket investments made by companies like Reliance Industries. How do you rate the current CII Partnership Summit as compared to the previous editions?