India would witness strong growth despite Global challenges: CII President

Posted by Daily Shipping Times on 14-06-2018        Tweet

NEW DELHI: CII predicts 7.3-7.7 percent 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.

The reforms over the past 4 years was mentioned by Mr Mittal and he further stated that GST and Insolvency and Bankruptcy Code are 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 EoDB are getting better investments and business interest and the Government of India’s ranking of States plays a good role in this.