Private sector investment in India is set to increase significantly, as capacity utilisation in various key sectors has already exceeded 80%. Newly-elected President of the Confederation of Indian Industry (CII), R Dinesh, stated that the country’s economic growth for the financial year will be estimated to be 6.7%. Dinesh believes that the Reserve Bank of India (RBI) will maintain interest rates in the next bi-monthly monetary policy announcement later this week. Dinesh also cited the CII’s annual CEO survey, which found that all sectors have crossed the 75% capacity utilisation mark, with cement, steel, chemicals, and machinery reaching 80%. Additionally, Dinesh stated that India’s outbound shipments have been recording a healthy growth rate, despite all odds, and that the government is focusing on increasing spending to develop modern infrastructure, a big blessing, ensuring the country’s economic growth.
Private Sector Investment to See Significant Increase: R Dinesh
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
