Published Jun 11 2012 by

Industry expects low GDP growth in 2012-13, survey

According to a survey conducted by the Confederation of Indian Industry (CII), most of the Indian industry players believe that the GDP growth in the country during 2012-13 will be low.

About 43 per cent of the respondents said that they believe that the GDP will grow between 6 and...

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...110 respondents. "About 43 per cent of the respondents expected net sales growth to stagnate or decline during the year 2012-13. Similarly, 57 per cent of the senior industry leaders expected the bottom line growth to either stagnate or decline. This clearly indicates that there will be pressure, leaving less room for capital expansion" CII said in the su...

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