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INDIA'S GDP HAS POTENTIAL TO GROW AT 8 PC: CII PRESIDENT REACTS TO ECO SURVEY
The Business Guardian
|July 23, 2024
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.
Cette histoire est tirée de l'édition July 23, 2024 de The Business Guardian.
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