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Majority of firms expect 6.5-7.5% GDP growth
More in the news
- According to a CII survey, about 64% of respondents feel that the GDP growth in 2018-19 will be between 6.5%-7.5%.
- 60% expect inflation to remain 4-5% during the year
More in the news
- CII’s Business Confidence Index (CII-BCI) report for the July-September 2018 quarter published the survey.
- The reading has moved upwards for the fourth consecutive quarter and has risen 8% over the previous quarter’s reading of 60.1.
- The report notes indicates a strong improvement in business sentiment.
- In the current survey, about 42% of the respondents felt that the RBI will engage in further interest rates hikes in 2018-19.
- The survey found that 65% of the respondents feel that private investment activity will pick-up in 2018-19.
- The respondents also felt that the implementation of the GST had eased taxpaying process and made the taxation tem more transparent.
CII
- The Confederation of Indian Industry (CII) is a non-government, not-for-profit, industry-led and industry-managed organization.
- It plays a proactive role in India's development process
- CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness and business opportunities for industry.
Source
The Hindu.