GET Stock QuotesNews18 APP
News18 English
1-min read

CII Expects Economy to Rebound in October-March

The industry body said that lowering interest rates by 100 basis points could inject a huge growth impulse.


Updated:September 19, 2017, 11:44 PM IST
CII Expects Economy to Rebound in October-March
Logo of Confederation of Indian Industry (CII). (File phoot)
New Delhi: Industry body CII on Tuesday said it expects a recovery in India's economy in the second half of this financial year.

The chamber said that lowering interest rates by 100 basis points could inject a huge growth impulse.

In a statement, the Confederation of Indian Industry pointed out that in many sectors, including automobiles, production and sales have rebounded after a temporary slowdown following introduction of the GST (Goods and Services Tax).

"CII is confident that positive developments in the global economy and upcoming festival season as well as government capital expenditure will contribute to growth.

"Capacity utilisation has been building up and businesses have begun to firm up their investment intentions for a period of time," it said.

It also observed that care must be taken that public capital expenditure, including by state governments, remains elevated.

Reforms in the area of ease of doing business will contribute to investments, including FDI, the chamber said, adding that these factors would help build growth forces.
Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Reliance 1,139.75 1.17
ICICI Bank 313.35 -1.89
IndusInd Bank 1,626.95 -1.56
Dewan Housing 281.60 -3.64
HDFC Bank 2,008.05 1.32
Company Price Change %Gain
Dewan Housing 281.35 -4.14
Lupin 880.45 4.15
Yes Bank 245.90 -0.32
Reliance 1,139.80 1.19
HUL 1,526.60 -2.68
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,566.85 4.75
Cipla 647.85 4.01
Infosys 698.80 2.95
ITC 282.50 2.65
BPCL 296.35 2.58
Company Price Change %Gain
Infosys 699.10 2.95
ITC 281.60 2.51
ONGC 160.00 1.78
TCS 1,949.15 1.60
Sun Pharma 599.50 1.50
Top Losers
Company Price Change %Gain
Bajaj Finserv 5,634.25 -3.08
HUL 1,526.30 -2.76
HPCL 212.50 -2.70
M&M 749.00 -2.54
GAIL 351.05 -2.30
Company Price Change %Gain
M&M 748.60 -2.63
HUL 1,526.60 -2.68
ICICI Bank 313.20 -1.76
Vedanta 210.95 -1.52
Axis Bank 575.85 -1.51

Live TV