CII estimates India's GDP to grow at 8% in 2024 inflation likely to remain within RBI is 4% target.

Economy Business

According to the CII, the measures implemented by the government aimed at simplifying business processes. These measures have been beneficial for both small and medium-sized enterprises, which are the backbone of the nation. CII's positive outlook is based on several key factors. The organization expects India to grow at a rate of 8 percent. During the event, Puri emphasized that policy interventions, particularly the ones aimed at improving the Ease of Doing Business (EODB), have strengthened the Indian economy.


      Puri was at an event organised by the industry body on Thursday. The event was focused on the country's Economic Growth Outlook and the key reform priorities for the country. It also highlighted the industry expectations from the Union Budget.

      CII also showed confidence in the government's ability to manage inflation. The trade organisation noted that inflation is expected to remain close to the range of 4 and 4.5 percent in 2024.

     

 

     


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