INDIA'S GDP HAS POTENTIAL TO GROW AT 8 PC: CII PRESIDENT REACTS TO ECO SURVEY

In response to the Economic Survey 2023-24 presented in Parliament today, Sanjiv Puri, President of the Confederation of Indian Industry (CII), expressed a positive outlook on India’s economic trajectory.

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He asserted, “The survey is positive about the India growth story, and I am confident that India’s GDP Growth for FY25 will surpass the forecast given in the Survey and based on certain conditions, it has the potential to be at 8 per cent.”

The Survey projects achievable GDP growth for FY25, driven by robust macroeconomic management and a supportive policy environment emphasizing capital expenditure and inflation control.

Puri emphasized that CII is confident in India’s potential to achieve over 7 per cent growth, bolstered by a unified reform agenda among the central and state governments and the private sector.

Chief Economic Advisor (CEA) pointed out that employment growth, particularly in labor-intensive sectors such as tourism, the care economy, and food processing, is crucial for increasing employment in the economy.