The Confederation of Indian Industry has warned that economic growth will come down to 6.6-7 per cent with farm output expected to grow only...
New Delhi |
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The Confederation of Indian Industry has warned that economic growth will come down to 6.6-7 per cent with farm output expected to grow only 0-2 per cent during 2004-05. Industrial growth would continue to be robust at 7 per cent and services sector will continue to record 9.2 per cent growth, CII said.
CII’s growth projection is nearer to RBI’s forecast of 6.5-7 per cent GDP growth but lower than what the previous NDA government had claimed. CII also expressed concern over the appreciation of the rupee against the dollar.
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