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GDP growing at 6.8% this fiscal: CII
Says govt-led capex, promotion of EoDB fuelling the economy; Forecasts 7% growth for FY25
India’s GDP growth may be nearer to 8% by fiscal-end
India In A Sweet Spot
- CII revises up growth prediction from 6.5%
- Recent poll results cheered industry
- Stock market and the industry favour continuity in policy
- India’s economy grew 7.7% in H1
New Delhi: Industry chamber CII expects the country’s economy to grow at 6.8 per cent in the current fiscal and accelerate to seven per cent in 2024-25, driven by the government’s continued focus on infrastructure development and promotion of ease of doing business (EoDB).
In an interview with PTI, CII President R Dinesh, who is also the executive vice-chairman of TVS Supply Chain Solutions, said even on a conservative basis, the expected gross domestic product (GDP) growth of 6.8 per cent will be more than the 6.5-6.7 per cent estimated earlier by the industry body.
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