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India can achieve 6 pc growth in FY'14-15: CII
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SME Times News Bureau | 02 Apr, 2014
India can achieve a growth rate over 6 percent in the 2014-15 financial
year, provided systemic reforms are carried out quickly by the new
government, Confederation of Indian Industry president Ajay S Shriram
said in New Delhi on Tuesday.
He said the growth rate could be taken back to the 8 percent level in the next three years.
"A
market-friendly environment is required that would proactively promote
investments, business and entrepreneurship," Shriram, who took over as
the president of the chamber recently, said at a press meet while
unveiling CII's action theme for the year, "Accelerating Growth,
Creating Employment".
He also said that a strong economic revival
package and right implementation of policies by a fresh government
could help create as many as 150 million jobs in the next 10 years.
CII has proposed a strong 100-day action agenda for the new government to boost growth.
The
theme for the year said the key priorities for CII in the coming year
will be in 10 areas - education, skills, economic growth, manufacturing
sector growth, investments, ease of doing business, export
competitiveness, legal and regulatory architecture, labour law reforms
and entrepreneurship.
"Industry is looking for top policy steps
such as introduction of GST, easing of interest rates by 100 basis
points, keeping subsidies at 1.7 percent of GDP, and restructuring of
labour laws to promote mass manufacturing," he said.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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UK Pound
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Euro
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₹57.9 |
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