CII Urges Modi 3.0 for Key Reforms to Propel Economic Growth

Industry body CII has urged the Modi 3.0 government to push reforms in sectors such as land, labor, and agriculture to accelerate economic growth, projected at 8% for this financial year. CII President Sanjiv Puri emphasized the need for a robust private sector investment and outlined a 14-point agenda for economic transformation.

PTI | New Delhi | Updated: 13-06-2024 19:26 IST | Created: 13-06-2024 19:26 IST
CII Urges Modi 3.0 for Key Reforms to Propel Economic Growth
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The Confederation of Indian Industry (CII) has called on the Modi 3.0 government to implement critical reforms in land, labor, and agriculture sectors to boost economic growth, which is expected to reach 8% this financial year.

Addressing his first press conference as CII President, Sanjiv Puri noted that past policy interventions had strengthened the economy significantly. However, achieving the projected growth rate would depend on addressing remaining reform agendas, improving global trade prospects, and fostering investment and consumption.

Puri highlighted that private sector investment is currently robust and has exceeded pre-Covid levels, while stressing the importance of further simplifying regulatory procedures, enhancing rural consumption, and implementing tax reforms to maintain economic momentum.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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