CII predicts higher GDP growth than Survey’s

New Delhi: Industry bodies on Monday expressed confidence that India’s GDP growth will surpass the 6.5 to 7 per cent forecast by the Economic Survey, and hoped that the upcoming Budget will roll out measures to help unlock the country’s growth potential. “The survey is positive about the India growth story, and I am confident that India’s GDP growth for FY25 will surpass the forecast given in the Survey and basis certain conditions, it has the potential to be at 8 per cent,” CII President Sanjiv Puri said.

Echoing similar sentiments, President of PHD Chamber of Commerce and Industry Sanjeev Agrawal said the Survey conservatively projects a real GDP growth of 6.5-7 per cent, with risks evenly balanced and market expectations on the higher side. “However, we believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India,” said Agrawal.

Ficci President Anish Shah added that “we see a very mature take on the outlook for the Indian economy presented today as part of the Economic Survey. While a projected growth rate of 6.5-7 per cent for the fiscal 2024-25 may appear a bit conservative, we feel that for a country of the size of India and which has been growing at a fast pace, this growth is encouraging.”