GK and monthly revision

CII president R Mukundan projects 7% growth for India, seeks GST Council-like body to drive reforms

The Confederation of Indian Industry (CII) president R Mukundan has projected a 7% growth for India's economy in the current fiscal year, highlighting resilience despite global cost pressures. He has called for the establishment of a GST Council-like body to facilitate crucial reforms in sectors such as agriculture and land. This initiative is significant as it aims to enhance local manufacturing through strategies like technology infusion from China and expanding production-linked incentives.