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.

PTI

Updated:September 19, 2017, 11:44 PM IST
facebookTwittergoogleskypewhatsapp
CII Expects Economy to Rebound in October-March
Logo of Confederation of Indian Industry (CII). (File phoot)
Loading...
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.

Also Watch

Read full article
Loading...
Top Gainers
Company Price Change %Gain
Hindalco 220.60 +4.50 +2.08
Vedanta 213.00 +4.20 +2.01
Grasim 1,018.75 +19.30 +1.93
Tata Steel 576.30 +8.75 +1.54
ITC 312.00 +4.55 +1.48
Company Price Change %Gain
Vedanta 213.10 +4.55 +2.18
ITC 312.00 +5.20 +1.69
Tata Steel 576.80 +8.70 +1.53
Yes Bank 383.05 +4.35 +1.15
Adani Ports 374.20 +4.25 +1.15
Top Losers
Company Price Change %Gain
Bharti Airtel 369.95 -2.05 -0.55
Bajaj Auto 2,652.00 -15.50 -0.58
Tech Mahindra 664.80 -3.85 -0.58
GAIL 392.00 -1.80 -0.46
BPCL 377.35 -0.95 -0.25
Company Price Change %Gain
Bharti Airtel 370.35 -1.70 -0.46
Bajaj Auto 2,651.00 -16.15 -0.61
Wipro 279.10 -0.75 -0.27
HDFC 1,887.80 -3.10 -0.16
HUL 1,735.00 -0.20 -0.01
Loading...
Loading...