India's GDP likely to grow 7.5% in FY23: CII

April 25, 2022 15:54

India's economy is expected to grow 7.5-8 per cent this fiscal year with exports playing a key role in the country's success story, CII President TV Narendran said on Monday.

However, he said the country needs to remain prepared for any fallout of next wave of COVID-19 pandemic, and the impact of the ongoing Russia-Ukraine war.

"We are confident that the economy can retain a high growth trajectory this year. So, we are very optimistic on the export front. Exports will be a key component of India's success story going forward," Narendran said. In an interview to PTI, the President of the industry body said the resurgence of COVID globally will have an impact on the global supply chain and CII's India economic growth estimate of 7.5-8 per cent in the current fiscal factors these developments.

"The experience with COVID shows that every time there is a fresh wave globally, it does hit India as well. Therefore, we must be prepared for the future waves," he said. -- PTI

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