Ukraine crisis, inflation, higher rates to increase 'risky debt' by Rs 60,000 cr in FY23
Private investment should come back this year and while high inflation is a concern, higher food prices will help the rural economy to a certain extent, Confederation of Indian Industry President TV Narendran said.
At 7.5-8% growth in the current year, India would still be the fastest-growing economy, he said, proposing a production linked scheme (PLI) for furniture and capital goods as well.
At 7.5-8% growth in the current year, India would still be the fastest-growing economy, he said, proposing a production linked scheme (PLI) for furniture and capital goods as well.
On the accidents of fire in electric two-wheelers, he said that the government asking companies to recall their vehicles is the “right” step before adding that electrification is inevitable.
Growth and capital investment
CII had earlier expected growth to be 8.5-9.5% in the current fiscal. It expects lower growth now.
“7.5-8% (growth) makes us the fastest-growing large economy…We feel private sector investment will come back this year,” adding that many indicators such as GST collection, airline passengers, and mobility indicators are positive.
Growth and capital investment
CII had earlier expected growth to be 8.5-9.5% in the current fiscal. It expects lower growth now.
“7.5-8% (growth) makes us the fastest-growing large economy…We feel private sector investment will come back this year,” adding that many indicators such as GST collection, airline passengers, and mobility indicators are positive.
Written by
Team Edu-Visor
Team Edu-Visor
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