India's GDP to see robust 8% growth in FY25: CII

“The growth estimate hinges critically on addressing the unfinished reform agenda on priority, in addition to improvement in world trade prospects aiding our exports, twin engines of investment and consumption doing well and expectations of a normal monsoon among other factors”, Puri, who outlined a 14-point agenda for the new government for driving the next phase of economic transformation, said.

He was addressing the media for the first time after taking over as president of the industry body.

His points included continuation of the government’s its capital expenditure-led growth strategy along with fiscal consolidation; building human capital; strengthening ease of doing business; reducing the cost of doing business; deepening integration with global value chains; and expediting the operationalisation of the ₹1-lakh crore fund for encouraging innovation and research and development in the private sector, as announced in the interim union budget for FY25.

Some other points in his agenda are building transparent, faceless, digital systems of approvals and appeals; an action plan to tackle climate change; diversifying sources of funding for non-banking financial companies; and creation of an inter-state agri reform council, a CII release said.

Fibre2Fashion News Desk (DS)