FICCI president: India needs sustained 8% growth, low cost of capital
25 December 2021, Mumbai:
India needs to focus on ease of doing business, consistent tax policy and lower cost of capital to achieve a sustained growth rate of over eight per cent in the long term.
India needs to focus on ease of doing business, consistent tax policy and lower cost of capital to achieve a sustained growth rate of over eight per cent in the long term, said newly elected FICCI President Sanjiv Mehta on Monday.
He also underlined the need for constant efforts to boost private investment for high economic growth over a long period of time.
Mehta took over as president of the Federation of Indian Chambers of Commerce and Industry (FICCI) earlier this month.
"We need to maintain over eight per cent of growth on a sustained basis which will be a challenge. The current year is expected to achieve over nine per cent economic growth as several sectors have already reached the pre-COVID-19 levels," Mehta said in an interaction.
BUSINESS STANDARD (The news article has not been edited by DFU Publications staff)
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