Updated By: LatestGKGS Desk
CII Report: India's GDP Growth Rate To Rise By 7.3-7.7% in FY 2018-19
CII Report: India's GDP Growth Rate To Grow By 7.3-7.7% in FY 2018-19 Details
According to Confederation of Indian Industry (CII) report, India's GDP growth rate is expected to grow by 7.3-7.7% in the Financial Year 2018-2019.
The industry body CII in a statement claimed that "sustained structural reforms" have led to a rebound in the country's economy as businesses across several key sectors experience firm growth trends.
As per the CII report, with several major development campaigns such as Make in India, Digital India, Swachh Bharat, Clean Energy and others gaining traction, as well as the recovery in the global economy and expectations of a normal monsoon Inda's GDP will show a significant rise.
The CII report pointed that "capital goods" sector has shown a steady improvement and order books are filling up. This sector is a key indicator of a country's economic activity.
The CII also highlighted in its statement that "Exports too, are poised to grow at a faster pace in the current fiscal year, which started on a good note,".
Confederation of Indian Industry (CII)
Founded: 1895
Headquarters: New Delhi
President: Rakesh Bharati Mital
Director General: Chandrajit Banerjee
