CII projects 6.5-6.7% FY24 GDP growth

Confederation of Indian Industry (CII) said it expects India’s economy to grow in the range of 6. 5-6. 7% in the current financial year supported by strong domestic drivers and robust capital expenditure momentum of the government. India’s GDP grew by 6. 1% in the March quarter of 2022-23, while the growth rate for FY23 was 7. 2%.

CII president R Dinesh said India’s GDP growth is expected to jump to 7. 8% in the next decade (FY22-31) from 6. 6% previously recorded. The industry body also expects retail inflation to be within the RBI’s target range (2-6%) in FY24.