"CII applauds the performance of the economy in FY 07. 9.4% GDP growth is beyond expectations, and gives tremendous encouragement to CII and industry at the prospects for the current year and the future.
CII has however, noted the 9.1% growth in Q4 07, as against the 10% Q4 06 growth. We hope this is not indicative of any slowdown resulting out of actions taken to curb inflation during this period, said the CII release issued here.
CII's own projection for GDP growth in FY 08 is 9.2% with Services growth pegged at 11.2%, Industry at 9.4% and Agriculture at 3.0%., said the CII release."
Confederation of Indian Industry