New Delhi, June 17 -- : The Confederation of Indian Industry (CII) said on Thursday the country's gross domestic product (GDP) is expected to grow at 9.5 per cent in the current financial year (FY 2021-22).
This will take the GDP to a level that is slightly higher than in FY20.
"The strong growth in the second-half will be supported by robust external demand and large scale coverage of vaccination allowing resumption of economic activity," said CII President T V Narendran.
"In the medium term, the growth rate can pick up to 8 to 9 per cent if positive actions are taken now. If not, a 5 to 6 per cent growth scenario is also possible," he said while addressing a press conference here.
Narendran said the second Covid-19 wave impacted econ...