Indian Economic Growth: Confederation of Indian Industry (CII) President TV Narendran said that in the current financial year 2022-23, the Indian economy can grow at the rate of 7.5 to 8 percent and exports will play a major role in this. He said that the country needs to be prepared in view of the impact of the ongoing military conflict between Russia-Ukraine and the possibility of a new wave of Kovid-19 epidemic.
economy will see good growth
Narendran said in an interview with PTI-language, “We are confident that this year will see good growth in the economy, so we are very optimistic on the export front. Exports will play a major role in India’s success story.
effect of corona
He said that the increase in new cases of corona infection at the global level will also have an impact on the global supply chain and these aspects have also been included in the growth forecast of the CII economy.
The impact of the new wave on India too
He said, “It has been seen that whenever there is a new wave of pandemic at the global level, it has also affected India. Therefore, one has to be prepared to avoid any wave of corona infection in future.
Know what the CII President said
The CII President said, “The growth rate for the current financial year remains in the range of 7.5 to 8 per cent. The International Monetary Fund (IMF) has kept its growth forecast for India at 8.2 percent. At the same time, the average inflation for the year is expected to remain within the target range of the Reserve Bank of India.