News: CII projects 8.3% GDP growth
(ACERC 22/04/2006) New Delhi - The Confederation of Indian Industry (CII), has forecast marginally higher GDP growth rate of 8.3 per cent in the current fiscal.
The bullishness of India Inc is not just restricted to the macro level. The industry body has also set a target of building more than a hundred Indian companies with $ 1 billion-plus revenues over the next three years.
The targets and roadmap for the future were unveiled on April 20 by the industry body's new president R Seshasayee.
The CII theme for the current year is ‘Competitiveness for Sustainable & Inclusive Growth,’ to take into account issues such as overuse of natural resources and income disparities.
According to the projections on which the GDP growth rates are forecast, the industry body has assumed growth rates of 3 per cent for agriculture, 9.1 per cent for industry and 9.9 per cent for services for 2006-07.
The bullishness of India Inc is not just restricted to the macro level. The industry body has also set a target of building more than a hundred Indian companies with $ 1 billion-plus revenues over the next three years.
The targets and roadmap for the future were unveiled on April 20 by the industry body's new president R Seshasayee.
The CII theme for the current year is ‘Competitiveness for Sustainable & Inclusive Growth,’ to take into account issues such as overuse of natural resources and income disparities.
According to the projections on which the GDP growth rates are forecast, the industry body has assumed growth rates of 3 per cent for agriculture, 9.1 per cent for industry and 9.9 per cent for services for 2006-07.
posted by InCar Group Press Room at 11:58
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