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LATEST NEWS UPDATES | India Inc. not sanguine about growth

India Inc. not sanguine about growth

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published Published on Aug 29, 2021   modified Modified on Aug 30, 2021

-The Hindu

Heads of industry do not share the optimism of the government and RBI, shows CII poll of CEOs.

Indian industry does not seem to share the government and the Reserve Bank of India’s optimism about this year’s growth prospects, according to a poll of CEOs conducted by the Confederation of Indian Industry (CII).

Nearly two-thirds of CEOs of large corporates polled by CII at its national council meeting earlier this month expect India’s GDP growth in 2021-22 to be 9% or less.

The central bank has recently downgraded its GDP growth projection for the year to 9.5% from 10.5% earlier, while the Chief Economic Advisor Krishnamurthy Subramanian expects growth to be at 11% as estimated in the Economic Survey.

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The Hindu, 29 August, 2021, https://www.thehindu.com/business/Economy/india-inc-government-not-on-same-page-on-growth-investments-inflation/article36170020.ece


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