New Delhi, Jan. 9 -- China's surplus capacity is dampening Indian business' spirit for adding further production capacity, according to Sanjiv Puri, president of Confederation of Indian Industry (CII). The industry body expects GDP growth of 6.4-6.7% this fiscal, slower than the 8.2% growth seen in FY24 as pent-up demand from the pandemic years subsides and the economy expands at a rate closer to its long-term potential. Businesses are betting on a revival in government's capital expenditure in the second half, a possible rate cut by the RBI and a pick up in rural demand due to good monsoon showers. But there are headwinds to growth and the government should continue investing in infrastructure, use proceeds of divestment in state-run com...
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