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India would witness strong growth despite Global challenges: CII President

CII predicts 7.3-7.7 percent growth in 2018-19 and expects it to strengthen further in the few years to come. This in spite of some challenges in the global economy, including hardening of interest rate regimes, volatility in oil prices, etc,” said Mr Rakesh Bharti Mittal, President, CII.

After mentioning the reforms for the past four years, Mr Mittal described GST and Insolvency and Bankruptcy Code as the most relevant reforms that would change the way business is being done in the country.

Talking about the massive work that is taking place across states, Mr. Mittal pointed out that those state governments that work proactively on EoDB are getting better investments and business interest and the Government of India’s ranking of States plays a good role in this.

 

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