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Strong growth expected in India despite global challenges

 

CII predicts 7.3-7.7 per cent growth in 2018-19 and expects it to strengthen further in the few years to come. This in spite of some challenges in the global economy, including hardening of interest rate regimes, volatility in oil prices, etc.," said Mr Rakesh Bharti Mittal, President, CII, while addressing a press conference recently.

 

The reforms over the past 4 years were mentioned by Mr Mittal, with GST and Insolvency and Bankruptcy Code being the most relevant reforms that would change the way business is done in the country.

 

Alluding to the intensive amount of work on ease of doing business that is happening across states, the CII President said that state governments working proactively on ease of doing business are getting better investments and business interest and the government of India’s ranking of states plays a good role in this, said a release.

 

Source: Exim News Service - New Delhi, June 13

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