New Delhi: The Indian economy Industry body said it is expected to grow in the range of 6.5-6.7 per cent in the financial year 2023-24 Confederation of Indian Industry Chairman R Dinesh
Growth will be supported by strong domestic drivers and strong momentum in capital expenditure, he added.
Government expects India’s 2023-24 Gross Domestic Product at 6.5 percent.
“The Indian economy remains resilient in the face of a challenging global environment, and we do not expect major domestic disruptions in the year ahead,” Dinesh said in his first media interaction after taking over as chairman. CII,
Besides the government’s emphasis on capex, he said the resilience of the domestic economy comes from healthy balance sheets of corporates and a well-capitalised financial system.
He said several pragmatic and transformative policies of the government, which continued through the pandemic, helped catalyze a rapid economic recovery and the resilience in growth that India is currently witnessing.
Livelihood business, tourism, wellness, skill development and future technologies were highlighted as some of the key action priorities of CII for the coming year.
According to the GDP data released today, the real GDP growth for 2022-23 stood at 7.2 per cent, higher than the estimated 7 per cent, according to the provisional estimates released by the National Statistical Office (NSO).
Despite strong global headwinds and tightening of tight domestic monetary policy, various international agencies have projected India to be one of the fastest growing economies in 2023-24, driven by strong growth in private consumption and sustained private investment. FAST supported.
Growth will be supported by strong domestic drivers and strong momentum in capital expenditure, he added.
Government expects India’s 2023-24 Gross Domestic Product at 6.5 percent.
“The Indian economy remains resilient in the face of a challenging global environment, and we do not expect major domestic disruptions in the year ahead,” Dinesh said in his first media interaction after taking over as chairman. CII,
Besides the government’s emphasis on capex, he said the resilience of the domestic economy comes from healthy balance sheets of corporates and a well-capitalised financial system.
He said several pragmatic and transformative policies of the government, which continued through the pandemic, helped catalyze a rapid economic recovery and the resilience in growth that India is currently witnessing.
Livelihood business, tourism, wellness, skill development and future technologies were highlighted as some of the key action priorities of CII for the coming year.
According to the GDP data released today, the real GDP growth for 2022-23 stood at 7.2 per cent, higher than the estimated 7 per cent, according to the provisional estimates released by the National Statistical Office (NSO).
Despite strong global headwinds and tightening of tight domestic monetary policy, various international agencies have projected India to be one of the fastest growing economies in 2023-24, driven by strong growth in private consumption and sustained private investment. FAST supported.