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New Delhi, March 5 The Confederation of Indian Industry’s CEOs snap poll on the macro-economic outlook for the economy in 2008-09 said that 50 per cent of the participants expected GDP growth to be in the range of 8.0 per cent to 8.5 per cent. Another 41 per cent of the CEOs felt that the GDP growth is expected to be in the range of 8.5 per cent to 9 per cent. With regard to inflation, 68 per cent of the CEOs estimated it to be in the range of 4 to 5 percent during the year.

Of the CEOs who responded to the CII Snap Poll, half of them expected manufacturing growth to be between 9 to 10 per cent. Considering the budget announcements and the prevailing macro-economic conditions, 79 per cent of the CEOs expected increased investments in the economy. While 75 per cent of the CEOs said that industrial investments would increase, 80 per cent of the CEOs said that fresh investments would continue to increase in their respective companies.

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