CII

India’s GDP estimated to grow 4.9% this fiscal

India’s GDP estimated to grow 4.9% this fiscal

The Indian economy will likely grow 4.9 per cent in the current financial year ending March 2014, according to advance estimates released by the Central Statistics Office (CSO).

The gross domestic product (GDP) growth in the third largest Asian economy is expected to remain under pressure due to an invasive demand slump amid high inflation.

Given the 4.6 per cent growth in the first half of current financial year, the economy is estimated to grow at 5.2 per cent in the second half.

Insurance sector will witness sub-5% growth rate in FY’14: CII

Insurance sector will witness sub-5% growth rate in FY’14: CII

India’s cash-strapped insurance industry would likely witness a moderate growth rate of sub-5 per cent during the current financial year, according to the Confederation of Indian Industry (CII).

In the CII survey, nearly half of life insurance firms said they expected negative growth rates during the financial year 2013-14.

The non-life insurance firms, however, expressed optimism about their growth outlook, with around 60 per cent of them projecting an average growth of more than 10 per cent for the current financial year.

CII Welcomes Government’s Plan to Ease Competition Norms

CII Welcomes Government’s Plan to Ease Competition Norms

As per the revelations of a recent report, a move taken lately by the government has been welcomed by the Confederation of Indian Industry (CII).

The government has decided to ease competition standards for speedier mergers and acquisitions (M&A) clearances. Amendments have been planned to be brought in the Combination Regulations. Last week, the administration relaxed the norms of seeking consent from Competition Commission, fair trade regulator.

CII Business Confidence Index jumps to 51.3 in Jan.-Mar. quarter

CII Business Confidence Index jumps to 51.3 in Jan.-Mar. quarter

The business confidence index in India strengthened during the January-March quarter of this financial year but it is too early to assume that the slowdown has bottomed out, the Confederation of Indian Industry (CII) said.

The CII Business Confidence Index jumped to 51.3 in the final three months of the current fiscal, from 49.9 in the previous quarter. However, the index remained well below the reading of 52.9 recorded in the corresponding quarter of
2011-12.

CII-Ascon survey: Manufacturing sector to slow down further during Oct-Dec 2011

 Manufacturing sector to slow down further during Oct-Dec 2011The results of a joint survey, conducted recently by industry body Confederation of Indian Industry (CII) and Ascon, have revealed that a slow down in manufacturing growth in India in the first-half of the current financial year has led to expectations that further moderation was apparently in the offing in the third quarter.

CII Chief: Achieving 8.5 % growth is possible

CII Chief: Achieving 8.5 % growth is possible

The largest employer in the country shrank by 0.2 percent as announced by the new President of the Confederation of Indian Industry (CII) who spoke to Business Line on the growth agenda and challenges ahead. Hari S Bharati said that India Inc needs to do more to employ from the underpriveled and socially backward sections in order to effect an inclusive growth. He said corporate sector must play a more aggressive role in facilitating employment opportunities for the backward.

News CII chief to focus more on creating livelihood

CII

The Confederation of Indian Industry (CII) , the country’s premier industry chamber m expects an 8.5 percent growth during the current fiscal while there’s been a change of guard at CII . It may be noted that Venu Srinivasan has replaced Hari Bharati as the new president of the industry body and the new president discusses his agenda and his outlook for the India Inc.

India INC confident of better business prospects rises in H1

India INC confident of better business prospects rises in H1

According to a survey by industry body CII, India INC is confident of better business prospects in the first half of the current fiscal ending March 2011 despite concerns over inflationary pressures in the country and global economic instability. Including the outsourcing segment, the survey that covered more than 450 companies across India revealed that business outlook for the services sector.