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CII Backs Economic Survey's Growth Outlook, Urges Entrepreneurial State Role

The Confederation of Indian Industry (CII) has endorsed the Economic Survey 2025-26's growth outlook, calling its projected 6.8-7.2% expansion for FY27 realistic. CII welcomed the upgraded medium-term potential growth estimate to 7% and supported the survey's call for the state to adopt an entrepreneurial role. The industry body emphasized that double-digit nominal growth could ease fiscal pressures and trigger a virtuous economic cycle. It also fully backed the survey's vision for India to emerge as a competitive global manufacturing hub.

Key Points: CII Supports Economic Survey's 7% Growth Outlook for India

  • CII concurs with 6.8-7.2% FY27 growth forecast
  • Supports state evolving into 'entrepreneurial' role
  • Backs goal for India as global manufacturing hub
  • Highlights robust growth amid global uncertainties
2 min read

CII backs Economic Survey's growth outlook, urges state to grow into 'entrepreneurial' role

CII endorses India's 6.8-7.2% FY27 growth forecast, urging the state to adopt an entrepreneurial role to boost manufacturing and global influence.

"It is heartening that the Survey underscores the unifying role of state capacity, society, and deregulation - Chandrajit Banerjee"

New Delhi, Jan 29

The Confederation of Indian Industry on Thursday concurred with the Economic Survey 2025-26's assessment of India's growth outlook, with the projected growth rate of 6.8-7.2 per cent in FY27 appearing realistic amid global uncertainties.

The industry body forecasted that with moderate level inflation, India is poised for "double digit nominal growth, which should help augment revenues and moderate borrowings, further easing pressures on real interest rate and thus triggering a virtuous cycle."

CII welcomed upgrading the medium-term potential growth of the Indian economy to 7 per cent up from 6.5 per cent three years ago, adding that such sustained robust growth is a "stand out feature in a fractured world."

Economic Survey 2025-26 offered a pragmatic, professional and well‑articulated assessment of India's macroeconomic conditions and sets out a clear medium‑term reform and growth agenda aligned with the Viksit Bharat vision, said Chandrajit Banerjee, Director General, CII.

"It is heartening that the Survey underscores the unifying role of state capacity, society, and deregulation in advancing India's development and strengthening its global influence," Banerjee said.

CII supported the survey's call for the state machinery to evolve into an "entrepreneurial" role by building a deeper system‑level institutional capacity and adopting entrepreneurial policymaking.

"CII fully supports the Survey's articulation that a competitive India must emerge as a global manufacturing hub. Anchored in the Industry's Next Leap framework, the Survey highlights innovation, skill development, world-class infrastructure and logistics," it noted.

An Economic Survey tabled in Parliament on Thursday said that balance sheets across households, firms and banks are healthier, and public investment continues to support activity. Consumption demand remains resilient, and private investment intentions are improving, it added.

The outlook for the global economy remains dim over the medium-term, with downside risks dominating.

The forthcoming rebasing of the CPI series will also have implications for inflation assessment and warrant careful interpretation of price dynamics, the survey observed.

- IANS

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Reader Comments

P
Priya S
A 7% growth projection is realistic and positive. But I sincerely hope this 'entrepreneurial state' role translates to better support for MSMEs on the ground. We need easier access to credit and simpler compliance, not just big announcements.
R
Rohit P
Heartening to see the emphasis on skill development and infrastructure. For sustainable growth, we must ensure the youth are equipped for the jobs of tomorrow. The 'Industry's Next Leap' framework sounds promising.
S
Sarah B
As someone working in the logistics sector, the mention of world-class infrastructure is key. If we can fix our ports, roads, and digital networks, efficiency will skyrocket. This survey seems to be pointing in the right direction.
V
Vikram M
While the outlook is good, the caution about the global economy is very real. We must build strong domestic demand and not rely too much on exports. Resilient consumption is a good sign, but inflation control is crucial for it to last.
K
Karthik V
The survey talks about healthier balance sheets for households, but I respectfully disagree on the ground level. Many middle-class families are still feeling the pinch from past inflation. The 'double digit nominal growth' must translate to real income growth for common people.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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