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GDP may fall below 6% say CII

, September 2, 2012, 0 Comments

In a poll conducted by the Confederation of  Indian Industry (CII) of its National Council shows that a majority of chief executive officers (CEOs) are pessimistic about the economic outlook for the country in the current year and a moderate recovery in the forthcoming year.

Chandrajit Banerjee, director general, CII said “This reflects low confidence levels in industry. The first quarter GDP growth at 5.5% corroborates the fact that the slowdown is sustaining”.

Majority of the respondents (80% and more) expect both domestic and international investment either to increase or remain unchanged during 2012-13.

 






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