Indian economy has been witnessing a phenomenal growth since the last decade. The country is still holding its ground in the midst of the current global financial crisis. Quarterly gross domestic product (GDP) at factor cost at constant (1999-2000) prices for Q3 of 2008-09 is estimated at US$ 171.24 billion, as against US$ 162.57 billion in Q3 of 2007-08, showing a growth rate of 5.3 per cent over the corresponding quarter of previous year. Despite the global slowdown, the Indian economy is estimated to have grown at close to 6.7 per cent in 2008-09. The Confederation of Indian Industry (CII) pegs the GDP growth at 6.1 per cent in 2009-10. This scenario factors in sectoral growth rates of 2.8-3 per cent, 5-5.5 per cent and 7.5-8 per cent, respectively, for agriculture, industry and services. A number of leading indicators, such as increase in hiring, freight movement at major ports and encouraging data from a number of key manufacturing segments, such as steel and cement, indicate that
Key Initiatives / Information
The law for land acquisition must be fair and balanced towards all interests, and should promote competitiveness of the Indian economy. This column by Mr Chandrajit Banerjee, Director General, CII offers some solutions from the industry perspective. The article was published in the Indian Express on 27 April, 2013.
Mr S Gopalakrishnan, who has taken over as CII President, offers his views on accelerating growth through innovation, transformation, inclusion and governance in this set of interviews to various newspapers.
High Current Account Deficit has arisen due to expanding fuel and gold imports. To improve the situation, fiscal consolidation and wide-ranging reforms for greater competitiveness are required.This column by Mr Chandrajit Banerjee, Director General, CII, appeared in the Hindustan Times on April 8, 2013.
CII President Mr Adi Godrej talks about the unfinished reform agenda and the need to revive savings and investments in this column in the Hindu Business Line on 11 March, 2013.
Budget 2013-14 is sober and balanced, and would go a long way in reviving investor sentiments and growth. This column by Mr Chandrajit Banerjee appeared in Business Standard on 10 March, 2013.
CII offers its views to the Budget presented on 28 February 2013. This article ‘Inclusive and growth-oriented Budget’ by Mr Ajay S Shriram, Vice-President, CII, appeared in the Hindu, Business Line on 2 March 2013.
CII has welcomed the Union Budget 2013-14, which is growth and investment oriented. Coming against the backdrop of challenging global and domestic macro-economic conditions, the Budget makes laudable efforts to optimise growth drivers while addressing imperatives of inclusion. CII is happy that many of its suggestions have found mention in the Budget.
CII offers its views to the Budget presented on 28 February 2013. This article ‘A fine balance’ by Mr Adi Godrej, President, CII, appeared in the Indian Express on 1 March 2013.
CII offers its views to the Budget presented on 28 February 2013. This article ‘A growth catalyst’ by Mr Chandrajit Banerjee, Director General, CII, appeared in the Hindu, Business Line on 1 March 2013.
CII offers its views to the Budget presented on 28 February 2013. This article ‘Balanced budget boosts growth drivers’ by Mr S Gopalakrishnan, President-Designate, CII, appeared in the Hindustan Times on 1 March 2013.
CII offers its views to the Budget presented on 28 February 2013. This article ‘FM sends out the right signals across sectors’ by Mr Chandrajit Banerjee, Director General, CII, appeared in the Budget 2013 Special Supplement of The Telegraph on 1 March 2013.
This column by Mr Adi Godrej, President, CII offers recommendations ahead of the Union Budget to revive growth and investment in India. It appeared in The Times of India on 22 February 2013.
Mr Chandrajit Banerjee, Director General, CII, in this pre-Budget article in The Financial Express of 12 February 2013, points out that fiscal consolidation is an imperative, and can be achieved without adversely impacting growth.
This column by Mr Chandrajit Banerjee, Director General, CII in the Hindustan Times 23 January 2013 issue entitled 'Revive the Growth Momentum' observes that the Budget 2013-14 should identify the critical ingredients of growth and address them through appropriate policy interventions.
This column by Mr Chandrajit Banerjee, Director General, CII in the Economic Times 15 January 2013 issue talks about industry's expectations for the year. Industry is hopeful that continued reforms would lift growth in 2013.
CII News Update
Speaking at the seminar organised by CII on the background of 46th ADB Annual Meeting held in Delhi, Dr Arvind Mayaram, Secretary (Economic Affairs), Ministry of Finance said that the existence of an efficient financial system facilitates economic activity and growth and also stated that a country .....
“The decision of RBI to cut the policy rates by 25 basis points, the third time during the current year, in its annual policy review, sends a strong signal that the RBI is refocusing its priority in favour of growth in view of the moderating WPI based inflation and weakening demand in the economy”,.....
“A rate cut of 25 basis points, while welcome, falls short of CII''s expectation of a 50 bps cut in policy rates which was crucial under the current economic conditions. A 50 bps cut in policy rates would have provided a strong boost to the economy and made a significant impact on investor sentimen.....
CII Southern Region would focus on the theme - “Accelerating Growth - Conscious Competitiveness” for the year 2013-14 said, Mr B Santhanam, Chairman, CII – Southern Region while addressing his maiden Press Conference in Chennai on 2 May 2013.
Mr Santhanam said that CII-Southern Region’s agenda.....
“India - ASEAN trade in goods has been robust, growing to $80 billion in 2011-12, doubling since 2007-08 despite the global economic crisis”, Mrs. Preneet Kaur, Minister of State for External Affairs said while addressing the conference on "India-ASEAN Project Partnership" at New Delhi organised b.....
Confederation of Indian Industry (CII) has called for easing of interest rates by at least 100 bps in the current fiscal. At a press conference to unveil the CII theme for 2013-14, the new CII President, Kris Gopalakrishnan, Co-Founder and Co-Chairman, Infosys Limited, said, ‘In order to revive gro.....
CII has welcomed amendments to the Combination Regulations announced by the Competition Commission of India on 4th April 2013. ‘The amendment exempting intra-group mergers was much awaited as there is no change in the ultimate identity and controlling mind of the economic actor in such cases. For a.....
The Annual General Meeting and National Conference of Confederation of Indian Industry (CII) will be held on 3rd and 4th April 2013 at New Delhi.
The two-day event would have a galaxy of speakers deliberating on a range of issues that are of importance to India and Indian Industry at the presen.....
CII Awards & Recognitions
CII and Export Import Bank of India have, in 1994, jointly established the CII-EXIM Bank Award for Business Excellence, with the aim of enhancing the Competitiveness of India Inc. The Award is based on the internationally recognized EFQM Excellence Model.