CII wants Centre to push land, labour, agriculture reforms to boost growth

Industry body CII made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth estimated to be around 8% in FY25.

Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth estimated to be around 8% in FY25.

CII President Sanjiv Puri said several policy interventions in the past put the economy on "a much stronger wicket".

"The growth rate is poised to touch 8% during the current year, marking the fourth consecutive year of above 7% growth.

"The growth estimate hinges critically on addressing unfinished reform agenda on priority, in addition to improvement in world trade prospects aiding our exports, twin engines of investment and consumption doing well and expectations of a normal monsoon among other factors," Mr. Puri added.

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Expressing optimism regarding the economy's performance, he said, "Very clearly, we are expecting all three sectors of the economy - agriculture, services and industry - to fire and do well next year." Mr. Puri added that CII expects inflation to be between 4-4.5% in FY25.

Addressing his first press conference after becoming CII President, Mr. Puri, Chairman & MD, ITC Ltd, said private sector investment, which has been an area of concern, was robust and broad-based across sectors.