Financial Daily from THE HINDU group of publications
Monday, May 22, 2006
Financial Daily from THE HINDU group of publications Monday, May 22, 2006 |
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Industry & Economy
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Economy CII sees GDP growth at over 8 pc Our Bureau
New Delhi , May 21 Majority of the 254 respondents from Indian companies to a recent CII survey expected the GDP growth for fiscal 2006-07 to be more than eight per cent. CII's Business Confidence Index for April-September 2006 at 69.3 points was higher by 2.1 points compared to a previous survey for September 2005-March 2006. According to the survey, an increase in investments during April-September 2006 was planned by 88 per cent of the respondents. Capacity utilisation across the board witnessed an increase and about 75 per cent of the respondents expressed confidence that it would increase up to 100 per cent. Another 25 per cent of the respondents expressed confidence that the capacity utilisation will exceed 100 per cent. The value of production is also expected to increase during the period, said 81 per cent of the respondents, while 83 per cent expected the first half of 2006-07 to be better in terms of increase in new orders. Around 53 per cent of the respondents felt that employment would also increase in the second half of this financial year. On export front, 70 per cent of the respondents expressed confidence in exports expansion during the period.
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