It is a good news for India, its people and most importantly, its economy. As per the latest trends, India’s GDP is most likely to grow to 7.5 to 8 percent. The reports have been shared by the president of CII TV Narendran.
However, he also said the country needs to remain prepared for any fallout due to a next possible wave of the COVID-19 pandemic, and the impact of the ongoing Russia-Ukraine war. “We are confident that the economy can retain a high growth trajectory this year. So, we are very optimistic on the export front. Exports will be a key component of India’s success story going forward,” Narendran said.
The President of the industry body said the resurgence of COVID-19 globally will have an impact on the global supply chain and CII’s India economic growth estimate of 7.5-8 percent in the current fiscal factors these developments.” The experience with COVID-19 shows that every time there is a fresh wave of the pandemic globally, it does hit India as well. Therefore, we must be prepared for the future waves,” he further said.
