Indian economy likely to rebound in 2020: CII
NEW DELHI: India's economy is expected to rebound in 2020 on the back of measures taken by the go nment and the RBI coupled with easing of global trade tensions, industry body CII said on Sunday.
The chamber also suggested a flexible fiscal policy that will set a central go nment's target for the deficit in the range of around 0.5 to 0.75 per cent, and said it is likely to have a significant multiplier effect on the economy.
It said that as we are set to enter the new year, there are nascent signs that the economy is on a better footing than what it was in the year gone by. "With the proactive measures taken by the go nment and the Reserve Bank of India (RBI), industry believes that the slowdown will be overcome, and a gradual recovery will soon be in place."
"Nascent signs of recovery are noted in the form of improved PMIs (Purchasing Managers' Index) of manufacturing and services, jump in passenger air traffic, sharp moderation in the decline in sales of passenger cars, among others," said CII President Vikram Kirloskar.
He added that though the economy may continue to see a subdued GDP print in the third quarter as well, the quarters thereafter are likely to see a rebound.
译文来源：三泰虎 http://www.santaihu.com/49062.html 译者：Jessica.Wu
Rocky • 13 hours ago
There are limits to cruel jokes too.
Nutz • 14 hours ago
Another View • Mumbai • 14 hours ago
Hope CII is not under any compulsion to make this staement .
Natarajan D • 16 hours ago
On paper ?
Krishan Kumar Totlani • Jaipur • 2 hours ago
It is a good news. If it happens it will benefit the industry, common man & unemployed youth of India. And this turnaround is expected from the announcement of new budget for FY 2021.
Vasaikars M • Vasai • 5 hours ago
Please tell us about $5T by 2024 bhakta dream too.
Dreet • Edison NJ • 5 hours ago
2020 is just a few hours away.Hahaha
Raja Moorthy • Yangon • 14 hours ago
Rome was not built in day. It takes enormous time and efforts to bring the economy back on track in the middle of a global economic slowdown .
Bhupinder Pal• 14 hours ago
Another masterstroke by Modi ji.
Ravindran M • INDIA • 3 hours ago
Economy has taken a severe beating It will take time to bounce back
Aaaa Bbbb • 14 hours ago
It has already rebounded - look at sales of kia amd hector vehicles . Look at the flights in india - all full . CII has forgotten that undia is the fastest growing indian economy in the world
Balaji R. • 15 hours ago
The moot question is whom will it benefit?
Will there be a percolation to the lowest rungs of the society?
rinkuu • 2 hours ago
in the last few months go nment take so many steps for the revival of the economy hope it rebound in the upcoming year
Ashok Kamath • Udupi • 13 hours ago
Indian young population is driving the growth Engine in years to come.
Sarabtek Singh • 14 hours ago
Why not WILL........why likely??
Piyush Swain • 2 hours ago
He he he he... who are you fooling? We know your likes since last 5 years...
Jagdip Vaishnav • Mumbai • 3 hours ago
UNEMPLOYMENT SHALL PREVAIL, BANK BAD LOANS SHALL GO UP
Ak • 3 hours ago
Realistically Modi when he took over in 2014 india was a 2 trillion dollar economy and he should atleast bring the economy to 4 trillion dollars by 2024 with improved Job Growth and Infrastructure spending. In addition they should implement population control bill and ease the Income tax rate to around 20 percent
Pradeep • Mumbai • 30 mins ago
it's like saying India likely to win the world cup soccer in 2022....
Varadarajan • 41 mins ago
Slowdown is there in every market all over the world. the go nments too are working behind this to improve their economy. overall 2019 was not good at all. it's a cycle. when we went down we will be coming up. Be positive. am sure Indian economy will improve
Vasaikars M • Vasai • 10 hours ago