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GDP figures reveal strong performance in all sectors
01 Feb '08
1 min read
The latest CSO figure, raising GDP growth estimates to 9.6% during 2006-07, reflected the remarkable resilience and robustness the Indian economy has acquired over the years, said Mr Habil Khorakiwala, President, FICCI.
The detailed GDP figures reveal strong performance in all sectors of economy from manufacturing to construction, logistics and insurance and financial sector.
“We are hopeful that this trend will continue during the current fiscal year as well”, Mr Khorakiwala added.
It is important to notice that during the current year the economy is facing multiple challenges from rising oil prices, global credit crisis to threat of impending recession in the US economy.
“Careful fine tuning of policy parameters – like interest rates - may be needed from time to time”, Mr Khorakiwala believed.
The detailed GDP figures reveal strong performance in all sectors of economy from manufacturing to construction, logistics and insurance and financial sector.
“We are hopeful that this trend will continue during the current fiscal year as well”, Mr Khorakiwala added.
It is important to notice that during the current year the economy is facing multiple challenges from rising oil prices, global credit crisis to threat of impending recession in the US economy.
“Careful fine tuning of policy parameters – like interest rates - may be needed from time to time”, Mr Khorakiwala believed.
Federation of Indian Chambers of Commerce and Industry
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